Monday, June 1, 2009

Nice work if you can get it

After Ron Prince went 17-20 in three seasons at Kansas State, he was given the gate. But not without a $1.2 million buyout.

That's a fairly standard exit fee in today's game. What happened next, though, is a new twist.

Prince, or likely his lawyer, negotiated what Kansas State is now calling a "secret" agreement, according to the Kansas City Star, with lameduck athletic director Bob Krause. The deal reportedly calls for the university to pay a limited liability company, established by Prince, $3.2 million between the years 2015 and 2020.

K-State is suing Prince to negate the contract, which university president Jon Wefald contends never met approval from anyone other than Krause.

Clandestine deals? Balloon payments to a ghost LLC? If Prince, who has since landed an assistant's gig at Virginia, had showed that much initiative on the field, he'd still have his job.

-- J.P. Giglio

2 comments:

MichaelProcton said...

So whose fault was it that they put a slimeball like that in charge?

Anonymous said...

That's crap, Prince got a raw deal at Kansas State and everyone who knows college football knows that. He's in a conference full of studs and only got 3 years to attempt to establish his program and was .500 just in the early stages.