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Fernando Lovo Named Athletic Director for Colorado University After One ...
Fernando Lovo, 37, joins CU with a $1.2 million annual contract and aims to manage a budget deficit amid evolving college athletics, per CU officials.
- On Monday, the University of Colorado announced Fernando Lovo as the seventh full-time athletic director after the CU Board of Regents unanimously approved his five-year contract paying $1.2 million annually.
- Rick George, the longest-tenured CU athletic director, is stepping away after 13 years and will shift to an emeritus and advisory role as CU Athletics navigates new eligibility and NIL rules.
- Lovo's résumé spans major programs including the University of Texas, Ohio State and a stint with the Jacksonville Jaguars, while UNM finished 49th in the Learfield Director's Cup with eight Mountain West titles and 17.6% budget growth.
- CU will cover Lovo's buyout owed to New Mexico, obligating funds immediately under UNM terms requiring 50% of his remaining salary, nearly $800,000, while he faces a projected CU athletic department budget deficit.
- Tied to a shifting college-athletics landscape, Lovo's contract links pay to fundraising and program metrics, including $200,000 incentive payments for raising $25 million by June 30, 2026, with academic, attendance and competitive incentives.
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Colorado Buffaloes Agree To Historic Deal With New Athletic Director
The Colorado Buffaloes finalized a contract with new athletic director Fernando Lovo. He is joining the Buffaloes at a critical time in the era of Name, Image, and Likeness, and the program proved the importance of the hire through his historic contract.
·New York, United States
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Total News Sources28
Leaning Left10Leaning Right0Center14Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 42%
C 58%
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