On Friday, the University of Colorado announced the signing of football coach Deion Sanders to a massive five-year, $54 million contract extension, making him the highest-paid coach in the Big 12 and one of the highest-paid coaches in the country.

Colorado announced a contract extension for Deion Sanders on Friday that will keep him in gold and black through the 2029 season. The deal will also pay him plenty of green as he'll be making $54 million over the course of the five-year agreement.

Deion Sanders coached Colorado to a 9-3 regular season record in his second year in Boulder. On Friday, he said he was grateful for the university's continued belief in him.