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Here's an in-depth review of the Bob Krause / Ron Prince secret deal.
In an Associated Press story in today's Topeka Capital, Jon Wefald demonstrates anger over Bob Krause's secret dealings with Ron Prince, and claims he has not talked to Krause since he was given the boot.
The audit that apparently is routinely conducted when a university president leaves office has been made public. The Board of Regents resisted, but apparently the Attorney General's office intervened at the request of the Manhattan Mercury. I have it downloaded, but I'll refer you to the Mercury, since they went to the effort to get it. They will have more on the subject on June 21. The Kansas City Star has a lengthy evaluation in today's paper. The Topeka Capital has a story, Audit lines blurred at KSU, and an Austin Meek piece, Audit shows need for accountability. (June 20: Austin Meek follows with a column today, Was Krause Wefald's Cheney?.
Austin Meek reports in a story today in the Topeka Capital-Journal that if senior associate athletic director Jim Epps is fired, he'll suddenly be worth about $900,000. Seriously, isn't it time that someone forced the public release of the forensic audit conducted by the Kansas Board of Regents recently?
Various sources announced today that Senior Associate A.D. Jim Epps and Bob Cavello, associate A.D. for business, have been placed on administrative leave while John Currie, our new director of athletics, investigates the Bob Krause / Ron Prince scandal. The Wichita Eagle was one of the first to break the news. Here's the Topeka Capital's version of the story.
Oh, boy... where do you even start? On April 4, 2008, Vice-President Bob Krause was named as K-State's Director of Athletics. His contract was for June 15, 2008 through June 14, 2013. On August 7, 2008, in appreciation for his blockbuster 12-13 record, Krause awarded Ron Prince a new, five-year contract, with a $1,200,000 buyout. On August 7, 2008, Krause and Ron Prince also secretly signed a buyout agreement which would supplement his buyout package if he were terminated "without cause" in various date ranges. On November 5, 2008, four days after KU defeated the Cats 52-21, it was announced that Prince would not return as coach. This termination date kicked in a clause in the agreement memo which obligated K-State to pay him $800,000 on 12/31/2015 and 12/31/2016, followed by $1,600,000 on 12/31/2020. What kind of creative logic indicated guaranteeing a $4.4 million buyout to a sub-.500 coach, who every Wildcat with basic common sense knew was going to be fired after the upcoming season? Now, an argument could be made that a modest extension might help with recruiting, but so could a competent head coach in place of the current coach, whose team had become dysfunctional, and whose staff was in constant turnover. The $1.2 million drew widespread ricidule and anger on sports message boards, because a good percentage of fans didn't want Prince to even begin the third season. Both Prince and Krause must have known the supplemental $3.2 million buyout was beyond outrageous, as neither had revealed it over the course of the subsequent nine months leading up to May 2009. Clearly the team of K-State lawyers, or at least Dick Seaton, would have looked over the official contract, but none knew of the one-page, $3.2 million deal. I know this to be true. Just look at the simplicity of the language in the Memorandum of Understanding, compared to the main contract. Here are some questions I have:
There's ongoing discussion as to whether fans should withdraw financial support of K-State athletics, as reported in this Associated Press story in today's Manhattan Mercury. By the way, the Mercury is running a poll now: Is Bob Krause
This whole scenario is hard for me to forgive. Prince's buyout is 100-plus times many K-State employees' annual salary, and Athletics, between donations and ticket prices, is getting a percentage of my take-home pay that I'm too embarrassed to itemize here. I want to look toward the future. It's the only rational thing to do. But the new director of athletics, John Currie, is going to have to take the department to an incredible level of financial transparency if he wants my money. He's going to have to endure all kinds of second-guessing by donors. The one thing in his favor is that K-State is undergoing an almost complete reset in its administration, and there seems to be hope that we're entering a new era of competence and businesslike decisions. (You know... the sort of thing Tim Weiser was trying to do.)
Just after I posted this, I discovered an interesting theory put forth by Austin Meek of the Capital Journal. He has interviewed people who believe that Krause was so intent on becoming athletic director, after being the supervisor for 20 years, that he started taking actions to enlist the future support of head coaches when the position became vacant. If this hypothesis is true, it would support the idea that Jon Wefald knew nothing of the Krause/Prince agreement. Early in Bob Krause's time here, I heard him speak several times. One of his favorite themes was the idea of win-win situations. If you look at his decisions over the years in dealing with university departments, that concept seemed to guide his actions. I think he thought both he and Prince would win from this agreement, as long as it remained unknown to the public.
Regardless of any theories on Krause's motivation, the nation now knows that he has squandered $4,400,000 of Cat fans' hard-earned money, and has resigned/been terminated from the university in disgrace. If Tim Weiser were still in Bramlage Coliseum, Ron Prince would have been fired at a cost of $300,000.
This just in on May 28: Joe Posnanski of the Kansas City Star published a blog today entitled "Prince: No More Candy 4 U." It's a biting and pretty funny assessment of this colossal mess.
The more I've thought about this, the more I've considered others' theories, I'm currently subscribing to the theory of some fans who say to consider Occam's Razor. One application of the theory is that the explanation of any phenomenon should make as few assumptions as possible. What do we know?
Bob Krause couldn't see what most every Cat fan knew: Ron Prince needed to be fired for his dysfunctional football program, the great majority of fans wanted him fired, and the president would have to accede to their demands in short order, or face a major uprising among them. I don't currently believe that the $3,200,000 buyout was involved with corruption, but rather the actions of a man who spent a good part of his career carrying out President Wefald's wishes. With a serious lack of critical thinking, he thought he was going to accomplish that, secretly, while leaving the president plausible deniability.
Does Ron Prince have absolutely no shame? Now he wants $3,000,000 in punitive damages from K-State. Huh? The first payment of the secret buyout doesn't come due for six more years! How does this supposedly intelligent man believe he will ever be hireable as a head coach at any level, now that his actions are known? This just astounds me. Here's the story from the Capital.
My work this summer has distracted me, but I wanted to add this column from Austin Meek of the Capital on August 11. It deals with the claims from the Prince camp that several people in the university, especially attorneys, knew of the buyout and assisted in finalizing it. K-State's university attorneys deny this, and I believe them.
Here's Jason's column in the Kansas City Star. He favors the return of legendary head coach Bill Snyder. I personally have no idea if he would agree to return, but it will be fascinating to see.
Mark Janssen pulls no punches in today's column with this title on the state of K-State Football.
The Oklahoman has compiled a look at coaches' base pay, plus extras. How do these guys make ends meet?
Tom Keegan has an interesting interview with Athletic Director / Vice-President Bob Krause in today's Lawrence Journal-World.
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| Kids... just say no to KU. | |
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