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After $113.2 Million Masterstroke, Deion Sanders’ ‘Prime Effect’ Influences Colorado Boulder Secure Another Feat

Published 01/26/2024, 3:21 AM EST

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USA Today via Reuters

The Coach Prime Effect is real and the numbers just surfaced to prove the statement. One of the best decisions that the University of Colorado made might be hiring Deion Sanders who entered the program in December 2022 as the HC. Ever since then, the Prime Effect became a blessing to Colorado’s local economy with a staggering $113.2 million spike. But that’s not all. 

Coach Prime led the Buffs who suffered 1-11 in 2022 to become the only team in the nation that had their spring game aired live on ESPN! He garnered a 600% increase in the program’s social media followers and boosted ticket sales and merchandise. The recent Colorado annual financial report for fiscal year 2023 proves that Deion Sanders is blessed with a Midas Touch.

CU sees a surge in finance in FY2023 under Coach Prime Effect

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Before delving into the details of the University of Colorado Boulder’s annual financial report to the NCAA for FY2023, what we need to know is that the report only documented the period from July 2022 to June 2023. This means that Coach Prime’s work in Boulder began only halfway through the reporting phase since he joined in December. FY2023 saw a drastic growth in total revenue at $127,028,292, which is a shocking $32.2 million spike from FY2022. This is a CU Athletics record that crossed the $100 million revenue mark for the first time under Coach Prime.

CU Athletics earned most of its income through ticket sales, generating $15.7 million in FY2023. Out of this figure, Coach Prime’s football team contributed 83% of the revenue with $13 million. While the collective CU Athletics department fell in a -$9,086,178 deficit for FY2023, the football program was the only one with a $15.1 million profit along with men’s basketball with $1.3 million. But Deion Sanders is also boosting the local economy. 

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Coach Prime is good for local businesses

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It comes without questions. Where there is Coach Prime, there is social media, and with social media, there’s fame, and with fame comes money. The Prime Effect boosted Colorado’s local economy at $113.2 million leading locals to have only good things to say about the Buffs HC as is seen in the statement, “Say what you want about @DeionSanders but the local businesses are very happy with him.” But how is he making that happen?

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The main source of this financial boost is the six college football games at Folsom Field that garnered approximately $72.1 million, averaging between $26.7 million to $21.6 million per game. Each home game garnered an average attendance of 53,000+ visitors leading to a rapid rise in the economy. 

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Coach Prime’s Midas touch has helped the CU Athletics department cross the $100 million revenue mark for the first time in history. The recent financial report is a testament to the fact that Coach Prime’s impact on the program has been nothing short of phenomenal.

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Written by:

Khosalu Puro

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"I'm a football fan, a sports fan, a fan of competition." Growing up with football fans, it has never been so easy to grab the hook of the game. I find every football entity fascinating from NFL Patrick Mahomes' Chiefs to NCAA Deion Sanders' Buffaloes.
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Edited by:

Harshita