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Colorado Regents Approve Fernando Lovo as Athletic Director

The regents’ vote installs the fast-rising New Mexico administrator to succeed Rick George starting Jan. 1.

Overview

  • Lovo’s hiring was approved Monday by the University of Colorado Board of Regents, with a contract worth $1.2 million annually through 2030.
  • Rick George transitions to an emeritus and advisory role as Lovo takes charge of the department’s day-to-day leadership.
  • The 37-year-old previously led UNM for about a year after stints at Texas, Ohio State, Houston and the Jacksonville Jaguars.
  • At New Mexico, Lovo hired Jason Eck and Eric Olen, oversaw a 9–4 football season, and reported a 17.6% operating-budget increase with record revenue marks.
  • Lovo’s immediate agenda includes stabilizing Deion Sanders’ program after a 3–9 season and confronting a projected $27 million deficit, with his UNM contract calling for roughly an $800,000 departure payment that Colorado is expected to cover.