Here's another way to accomplish this effect.
I start with an image of a coach and then remove the BG with the QUICK SELECTION TOOL.
As Larry described, I used a Threshold adjustment.
I then went over to my Channels Panel, and pressed the load channel selection icon located on the bottom left side of the channels panel.
Switching back to the layers panel, I then inverted the selection, Shift + Command/Control + I, and filled with a purplish color.
I created a layer below the above layer and filled with orange.
On a new layer above the orange layer, I added a slightly darker orange gradient with the GRADIENT TOOL.
On yet another layer, a darker gradient using black. I lowered the opacity of this layer.
Add some text.
Add the black bars.
It's close...