Kansas State Sues over “Secret Agreement”
May 20, 2009 by Allison Boyer
Filed under Football
Former Kansas State head coach Ron Prince may not be getting the deferred payments he wants after all. Although he has a contract that provides for $3.2 million in payments of $800,000 by 2015, another $800,000 by 2016, and a final payment of $1.6 million by 2020, the school says they never knew about this agreement.
Prince was fired after a 52-21 loss to Kansas last November. The school is alleging that the deferred payments were part of a “secret contract” between the coach and former athletic director Robert Krause. They say that KSU president Jon Wefald was in the dark about this aggrement, making the contract invalid. Krause left his job as an athletic director to head Kansas State’s new academic research campus, but he reportedly resigned today.
Ron Prince, Image: Newscom
KSU is calling into question the ethics of Prince’s agent, Neil Cornrich, who they say negotiated exclusively with Krause, without talking to KSU lawyers as is protocol. The school does admit that they realized that an August 2008 agreement with Prince increased his salary from $750,000 to $1.1 million and he had a contract with a $1.2 million buyout if he was fired before Decemeber 2o12.
