NFL Hall of Famer Deion Sanders will be Jackson State̵
New Jackson State football coach Deion Sanders does not earn the same amount as a coach that he did as a Hall of Fame cornerback. But he will still earn a large sum.
According to documents obtained by Clarion Ledger, Sanders will earn $ 300,000 annually from December 1, ending December 1, 2024. Sanders net $ 1.2 million from its base contract.
Sanders is also due to the following bonuses based on incentives written in the contract:
- $ 25,000 for each victory over an FBS opponent
- $ 10,000 to win the SWAC Eastern Division
- $ 30,000 to win the SWAC championship
- $ 50,000 to win the Celebration Bowl
- $ 5,000 for a team larger than 970
Sanders also has provisions on ticket sales in its contract. For every home game in which Jackson State sells more than 30,000 tickets, Sanders pays 10% of the proceeds from those sales. Sanders will also be paid 10% of season ticket revenue if Jackson State sells more than 10,000 season ticket packages in a season.
If Sanders’ contract is terminated without reason, he is liable to the equivalent of one year’s basic salary. If Sanders terminates the contract himself for no reason, he owes Jackson State 50% of the remaining value of his contract.
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Sanders, Jackson State President Thomas Hudson and Athletics Director Ashley Robinson all signed the contract on September 18, 2020. Sanders was officially announced as Jackson State’s head coach on September 21.
By comparison, Ole Miss coach Lane Kiffin has an annual base salary of $ 3.9 million, and Mississippi State coach Mike Leach has an annual base salary of $ 5 million.
Contact Nick Suss at 601-408-2674 or email@example.com. Follow @nicksuss on Twitter.