Preheat the oven to 400 degrees.

Cut out a parchment circle to fit inside an 8 inch cake pan. Spray with baking spray.

In the bowl of your stand mixer sprinkle the yeast and sugar on top of the water. Let stand for 10-15 minutes.

Add the salt, butter and flour to the bowl of your stand mixer and mix until a soft dough forms.

Roll out the dough on a lightly floured surface into a 9x11 rectangle.

Spread softened butter from edge to edge of the dough. Mix together cinnamon and sugar and sprinkle evenly over the dough, leaving a ½ inch border on all sides. Add sprinkles.

Roll up lengthwise tightly into a log. Cut off either end and then cut the remainder into 12 evenly sized rolls.

Place the rolls into the prepared cake pan. Let dough rest for 10 minutes.

Bake for 15-18 minutes or until lightly golden.

Meanwhile, whisk powdered sugar and milk together until it forms a thick but pourable glaze.

Remove cinnamon rolls from the oven and let cool slightly.

Pour the glaze on top and decorate with additional sprinkles. Serve immediately.