Deion said Monday that he has received interest from other schools and that he has been offered the head-coaching job at Colorado.
The Jackson State football coach didn't say if he was considering trying to turn around the Buffaloes.
"I'm not going to tell you who other people have reached out to, but they're not the only ones," he said in the teleconference.
Karl Dorrell was dismissed from the university in October. The Buffaloes finished with a 1-11 record.
Sources told Fox Sports that Colorado had offered the job.
Jackson State, a historically Black college that plays in the second tier of NCAA Division I football, is 11-0 this season, thanks in part to the guidance of the Pro Football Hall of Fame. The SWAC title game is Saturday.
During his playing career, "Prime Time" was known as "Coach Prime". The offer to coach the Buffaloes isn't a distraction, according to him.
It's great to someone that hasn't been that guy. I've been known as "Prime" for a long time. It's not new to me. Come on. That's a wonderful word and I'm not being braggadocious. This is not new to me, I just came up with that. Being in the spotlight is something I've been doing for a long time.
Whoever takes over in Boulder has a tough job on their hands. The Utah game was the final game of the season for the Buffaloes, who went 1-8 in the conference.
Colorado lost several players through the transfer portal, an area that could be shored up if he accepted the Buffaloes' job.
He was hired by Jackson State in September 2020 after coaching his sons at a Texas high school. The school in Mississippi's capital became the SWAC champion in a single year.
The Tigers followed up a 4-3 finish in the spring with an 11-2 showing in the fall, led by Shedeur Sanders, who was the quarterback. South Carolina State defeated them in the bowl.
Jackson State earned its first conference title in seven years. A program that has produced Hall of Famers such as Walter Payton, Lem Barney and Robert Brazile was relevant again among historically Black colleges and universities, and the program's creator was determined to keep it that way
A five-star defensive back and a four-star receiver have joined the team. Both players chose JSU because he and his staff will prepare them for careers in the NFL, according to the AP.
Jackson State remains at an inherent disadvantage when it comes to recruiting, according to the report.
It is now an option for top recruits to choose HBCUs. It isn't a balanced option because of the facilities. It's because of all the beautiful things at HBCUs. We're not getting the attention they deserve. It isn't the same.
Spurred on by his success in lifting the championship subdivision program's profile -- not to mention drawing attention to Black college football and the challenges JSU and other programs face in fielding programs -- there are rumors that Power 5 schools are interested in him for their coaching vacancies.
Before taking the Jackson State job, he met with officials at Power 5 schools and was impressed with his preparation.
He was an All-American at Florida State and went on to play for five teams in the National Football League. He played for the Niners and Cowboys.
The University of Colorado is a long way from its glory days under Bill McCartney, who led the team to a national championship after the 1990 season.
Since joining the Pac-12, the Buffaloes have only had one winning season.