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Finebaum has high praise for Colorado's hiring of Deion (0:57)

One of the most dramatic college football hires in a long time is the Colorado hiring of Deion Sanders. 0:58

8:18 PM ET

A crowd of alumni, boosters, former players and other people celebrated the hiring of Deion Sanders as Colorado's coach.

He promised to lead the Buffaloes back to prominence after going 27-5 in three seasons at Jackson State, and he also promised to adorn the walls of the complex with motivational quotes.

"I have the best coaching staff assembled, some of the best scouts, some of the best kids that we're recruiting, some already coming on the way as I speak," he said to a crowd of hundreds whooped and yelled at his answers from among the dozens of reporters at

I can grasp it, I can feel it, and I can taste it after I get here. All you want is the chance to win. To win a competition. To get the upper hand. Being among the elite is what it's about. Being among the best is what it's all about.

I am going to give you that.

He told everyone that he had to finish in Jackson, Mississippi.

The winner of the Celebration Bowl will be announced on December 17th.

He can focus on reviving the Buffaloes.

The only athlete ever to play in both the Super Bowl and the World Series is the former football and baseball star, and he assures that he can do both at the same time.

My goal is to bring you back to where you know you should be.

A person with knowledge of the contract tells The Associated Press that it's worth over $30 million with incentives over the course of five years. $150,000 for six wins, $100,000 for each win after six, and $200,000 for a New Year's Six bowl invitation are included in the yearly incentives.

The University of Colorado won a national title under Bill McCartney in 1990 and they got an extra $750,000.

In order to fix a program that has just one winning full-length season since joining the Pac-12, Sanders is assembling his staff, scouting the transfer portal and reaching out to five-star recruits.

Shedeur was asked to stand up by his father.

He told the audience that he was their quarterback.

Recent developments will help lure top athletes to the campus.

Colorado can compete with its conference rivals in name, image and likeness deals if a pool of money is created.

The university relaxed its transfer credits rules so that it will be able to compete with established football powerhouses.

Former Buffaloes and NFL tight end Daniel Graham said it was a game-changing moment. All the other universities have an equal playing field with us. We're going to be able to get some big-time transfers here.

The Jackson State players were told by their coach that he was taking the Colorado job after the game.

He went to Boulder to look at the football facilities. He was walking with a throbbing left foot and had two toes removed due to blood clot problems.

This is great. The city is un-darn believable.

Southern California's U-turn from 4-7 last year to 11-2 this season under first-year coach Lincoln Riley is similar to that of the University of Colorado.

There was a promise, but not a time frame.

It is going to happen, but it may not happen as quickly as you would like. They're going to win. The thing is going to happen. I'm not saying when it will happen, but it will happen.

As one of the best dual-sport professional athletes ever to "Coach Prime," he brings a mix of old-school discipline and newfangled edge.

He said that sometimes he looks like an old fool. I want you to know that we are on the way after we finish this work. To win is not a competition. To show out. To be the best. We are about to start work. We won't be playing. We don't want to kick it.

Got to believe that we're on our way. "You need to feel that energy inside of you that we're going to bring," he said. You have to get in early because by the time of the game we're going to be there. Are you able to comprehend it? What do you think about that? I can't wait for this thing to start because we are coming, so do you know what I mean?

He said that he was the one who was grateful.

"Boulder, Colorado, you don't know what you've given me, and I feel like I owe you," he said. I'm going to work for you everyday. I'm going to work hard for you. I will work for you. I'm going to do everything in my power to help you. I'm going to do things that other people won't do.

We're on our way. You were asked when he was going to come back. You say that you know he's coming.