Later this year, the Colorado athletic department will be allowed to offer more financial stability to its coaches.
On Monday afternoon, Governor John Hickenlooper signed Senate bill 17-041, the final step to it becoming a law and allowing more multi-year contracts in the athletic department.
For years, state legislation has limited CU and other in-state schools, including Colorado State and Northern Colorado, to six multi-year contracts per campus, with a cap of five years in length on those deals.
That legislation will stay intact for the university, but this new law makes employee positions in self-funded auxiliaries, such as athletics, exempt from that legislation. There will no longer be a cap on the amount of multi-year contracts that CU and other in-state schools can offer to coaches and staff in athletics.
The 71st General Assembly is scheduled to adjourn on May 10, and the new law will go into effect 90 days later, on Aug. 9.
For several years, CU has used all six multi-year contracts in athletics. Currently, athletic director Rick George, head football coach Mike MacIntyre, football defensive coordinator D.J. Eliot, head men's basketball coach Tad Boyle, head women's basketball coach J.R. Payne and head women's volleyball coach Jesse Mahoney have multi-year contracts.
Prior to this bill passing, George told Buffzone.com that he felt the previous legislation "puts us at a competitive disadvantage."
George believes the ability to offer multi-year contracts to football assistants and coaches in other sports will give CU a better chance to recruit and retain top coaches and staff members.
As has always been the case, any multi-year deals CU does offer in athletics will have to be approved by the Board of Regents.
Brian Howell: email@example.com, on Twitter: @BrianHowell33.