Summary
The University of Colorado is facing a projected $27 million financial loss by June 2026, the largest in its history. This loss is connected to the football team's expenses under head coach Deion Sanders, including his $10 million salary and recruitment costs. The university plans to address the deficit through various revenue sources without cutting sports programs.
Key Facts
- The University of Colorado estimates a $27 million financial loss by June 2026.
- This is the largest financial deficit ever projected by the university.
- Coach Deion Sanders earns a $10 million annual salary.
- The football program has high recruitment costs totaling $20.5 million.
- The school plans to raise funds through concerts, sponsorships, and donations.
- Institutional support of $11.9 million and $2.2 million from student fees are needed.
- The university vows not to cut sports or resources for athletes.
- Tuition and state funds will not be used to cover the deficit.
