KSUFans Archives
Sports => Snyder's Electronic Cyber Space World => Topic started by: steve dave on May 20, 2009, 08:18:59 AM
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http://blogs.kansas.com/kstated/2009/05/20/bob-krause/
But when the buyout number is released - and my sources tell me it will be today - it should be staggering to most.
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:'byecruelworld:
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Man . . . was I ever wrong about Bob Krause . . . I guess I never caught on to his "I am a total dumbass who likely only got my job because my father in law is worth hundreds of million of dollars" . . . very disappointing. Curses to you Bob . . . :mad:
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I blame the circus that is known as the Kansas State University Athletic Department.
gg, idiots.
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Incredible. Just when you think that Wefald and Krause couldn't act like bigger dipsh*ts, we get this. It's like those two had battle on who could be the biggest retard....and honestly I'm not sure the who the winner is. I suppose Jon gets it for being a complete and total dipsh*t for decades while in power, but Krause's retard impact in less than one year is quite astonishing.
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Incredible. Just when you think that Wefald and Krause couldn't act like bigger dipsh*ts, we get this. It's like those two had battle on who could be the biggest retard....and honestly I'm not sure the who the winner is. I suppose Jon gets it for being a complete and total dipsh*t for decades while in power, but Krause's retard impact in less than one year is quite astonishing.
Yes, it's baffling. I have decided to point most of my anger at Wefald because he was technically in charge of Krause and could have been pulling the strings. Even if he wasn't he should have known what was going on. Both of them will hopefully die of old age or cancer soon.
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Bill Snyder had better get a &@#%ing rake, because there's no more &@#%ing water to smooth. Dirt farming, that's what you are &@#%ing left with.
Vanier needs to step up and pay us back for exposing us to his idiot son-in-law. Write a check Jack...It's your old man's money anyway!!!!!
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Incredible. Just when you think that Wefald and Krause couldn't act like bigger dipsh*ts, we get this. It's like those two had battle on who could be the biggest retard....and honestly I'm not sure the who the winner is. I suppose Jon gets it for being a complete and total dipsh*t for decades while in power, but Krause's retard impact in less than one year is quite astonishing.
Jon to Bob " Bob, just When I think you can't do anything dumber....You go and do something like this And Totally Redeem Yourself."
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Bill Snyder had better get a fracking rake, because there's no more fracking water to smooth. Dirt farming, that's what you are fracking left with.
Vanier needs to step up and pay us back for exposing us to his idiot son-in-law. Write a check Jack...It's your old man's money anyway!!!!!
Makes you wonder about the "blank check" talk re. the ouster of Prince. If that check has yet to be filled out we may still be ok. Let's hope Jack hasn't put a stop pay on that SOB.
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How could a supposed hands-on president not be aware of a rather large buyout for a coach that is about to get an extension and then again furthermore fired? I mean Wefald has to sign the contract, no? Did Krause just tell Wefald to initial here, here and here, while licking his fingers and quickly flipping through the pages? Did he tell Wefald that the large number was actually in pesos?
Bunch of f*cking goons.
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How could a supposed hands-on president not be aware of a rather large buyout for a coach that is about to get fired? I mean Wefald has to sign the contract, no? Did Krause just tell Wefald to initial here, here and here, while licking his fingers and quickly flipping through the pages? Did he tell Wefald that the large number was actually in pesos?
Bunch of f*cking goons.
yeah, the AD hasn't been able to fart without jon being there to smell it. I'll let someone do with this what they will, but I think it's fitting:
(http://thereisnoplan.files.wordpress.com/2008/11/costello_keystone_cops1.jpg)
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How could a supposed hands-on president not be aware of a rather large buyout for a coach that is about to get an extension and then again furthermore fired? I mean Wefald has to sign the contract, no? Did Krause just tell Wefald to initial here, here and here, while licking his fingers and quickly flipping through the pages? Did he tell Wefald that the large number was actually in pesos?
Bunch of f*cking goons.
Remember when those stories were going around about how Prince's wife was seen in tears as the final days lapsed? Bitch was crying tears of joy. Couldn't believe her man had outsmarted all those crackers....tears of joy and pride.
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How could a supposed hands-on president not be aware of a rather large buyout for a coach that is about to get an extension and then again furthermore fired? I mean Wefald has to sign the contract, no? Did Krause just tell Wefald to initial here, here and here, while licking his fingers and quickly flipping through the pages? Did he tell Wefald that the large number was actually in pesos?
Bunch of f*cking goons.
Remember when those stories were going around about how Prince's wife was seen in tears as the final days lapsed? Bitch was crying tears of joy. Couldn't believe her man had outsmarted all those crackers....tears of joy and pride.
Tim Weiser and Ron Prince are both looking down on KSU from their towers and laughing their f^cking asses off.
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(http://img149.imageshack.us/img149/8980/krausetrainmj2.jpg)
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I would be willing to bet gobs of money that, if he ever sits down to an interview to discuss WTF happened, Wefald brings up Goldwater scholarship numbers.
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I'm not the sharpest tool in the shed, but what does this mean?
"Seems that $1.2 million buyout he gave to Ron Prince was actually a little - no, A LOT - low, "
Low to what?
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I'm not the sharpest tool in the shed, but what does this mean?
"Seems that $1.2 million buyout he gave to Ron Prince was actually a little - no, A LOT - low, "
Low to what?
Low compared to what it actually was. The real figure should come out today according to Jeff.
buyout number....should be staggering to most.
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I'm not the sharpest tool in the shed, but what does this mean?
"Seems that $1.2 million buyout he gave to Ron Prince was actually a little - no, A LOT - low, "
Low to what?
if it was a full contract buyout...multiplying Ron's new salary which I think was around 1m per year (thank you jon and bob) over 5 years would be about 5 million. i don't know...this is probably why there was such an emphasis on transparency by the new administration.
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I'm not the sharpest tool in the shed, but what does this mean?
"Seems that $1.2 million buyout he gave to Ron Prince was actually a little - no, A LOT - low, "
Low to what?
Low compared to what it actually was. The real figure should come out today according to Jeff.
buyout number....should be staggering to most.
Damn, needed a flowchart to follow Jeff there... Thanks SD.
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again, do with this what you will, fellow k-statriots:
(http://www.thelightisgreen.com/Dumb%20and%20dumber.jpg)
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I guess I have to post this again:
(http://i133.photobucket.com/albums/q45/kougar24/KState/krause-fail.png)
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This is a perfect example of why you should never donate money to the Ahearn Fund. Just give it directly to the players imo.
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This is a perfect example of why you should never donate money to the Ahearn Fund. Just give it directly to the players and recruits imo.
fyp
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I'm not the sharpest tool in the shed, but what does this mean?
"Seems that $1.2 million buyout he gave to Ron Prince was actually a little - no, A LOT - low, "
Low to what?
if it was a full contract buyout...multiplying Ron's new salary which I think was around 1m per year (thank you jon and bob) over 5 years would be about 5 million. i don't know...this is probably why there was such an emphasis on transparency by the new administration.
This. Ron was being paid about $1.1 million (well for the better part of 6 months before we fired him). Full contract would be the difference in what wasn't paid yet - around an additional $4.4 million or so? Total of $5.5 million.
I'm just ballparking it right now though - kind of like Weefer.
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Is it time for the torches and pitchforks yet? :Carl: :flamethrower:
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You know they are going to name a building after Jon Wefald :frown:
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You know they are going to name a building after Jon Wefald :frown:
f*ck
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You know they are going to name a building after Jon Wefald :frown:
They should build an outhouse and get it over with.
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You know they are going to name a building after Jon Wefald :frown:
They should build an outhouse and get it over with.
It should be burned to the ground like Nichols....'cept not remolded into the gorgeous facility that it is today :love:.
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You know they are going to name a building after Jon Wefald :frown:
They should build an outhouse and get it over with.
+1
Also maybe dedicate a urinal in Vanier, so players can pizz all over it just like Weef did to KSU athletics these last several years.
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why does anyone here care :confused:
OMFG our athletic dept looks stupid! welcome to the last 15 yrs, gmafb :flush:
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why does anyone here care :confused:
OMFG our athletic dept looks stupid! welcome to the last 15 yrs, gmafb :flush:
it's more about the money involved than it is about who is involved. though it just ephasizes further what incredible f'ing morons were running the show. and it's fun to pile on.
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How could a supposed hands-on president not be aware of a rather large buyout for a coach that is about to get fired? I mean Wefald has to sign the contract, no? Did Krause just tell Wefald to initial here, here and here, while licking his fingers and quickly flipping through the pages? Did he tell Wefald that the large number was actually in pesos?
Bunch of f*cking goons.
yeah, the AD hasn't been able to fart without jon being there to smell it. I'll let someone do with this what they will, but I think it's fitting:
(http://thereisnoplan.files.wordpress.com/2008/11/costello_keystone_cops1.jpg)
(http://i133.photobucket.com/albums/q45/kougar24/KState/kstate-kops.png)
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An outhouse? Frack, how about the new sheep unit?
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An outhouse? Frack, how about the new sheep unit?
Maybe just a sheep castration stall.
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why does anyone here care :confused:
OMFG our athletic dept looks stupid! welcome to the last 15 yrs, gmafb :flush:
Because I like KSU athletics to have enough money to make a solid attempt at being good
:rolleyes:
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why does anyone here care :confused:
OMFG our athletic dept looks stupid! welcome to the last 15 yrs, gmafb :flush:
Because I like KSU athletics to have enough money to make a solid attempt at being good
:rolleyes:
Every penny of that money we are currently throwing out the window should be going to Frank, Delonte and Koenning's salaries.
I don't what grounds we have to contest this in court, but we're fools if we don't make an attempt at some sort of settlement. Absolutely absurd.
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why does anyone here care :confused:
OMFG our athletic dept looks stupid! welcome to the last 15 yrs, gmafb :flush:
Because I like KSU athletics to have enough money to make a solid attempt at being good
:rolleyes:
Every penny of that money we are currently throwing out the window should be going to Frank, Delonte and Koenning's salaries.
I don't what grounds we have to contest this in court, but we're fools if we don't make an attempt at some sort of settlement. Absolutely absurd.
Exactly, might as well say goodbye to Frank now, because by the time this all gets settled Frank and 'Te will take their show to someone who is willing to pay. Maybe Currie can have another record fund raising year, because we're gonna need every penny just to pay off prince.
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Hopefully (and boy that's saying a lot for these idiots) that the settlement was structured so it could be paid out over a few years. The problem is that I had a number of about $7-$800 K a year that was being pissed away on Prince and Weiser's buyouts, now I am afraid it's going to be well over $1 million a year.
It's no wonder the Foundation stepped in and demanded that Krause get canned as the AD.
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I'm confused!
Are they saying Krause gave Prince 1.2M and it was supposed to be much higher?? If so, why would the univ. try to fight the deal?
Or is it that Krause TOLD every1 he gave Prince 1.2M when in reality it WAS much higher... ???
Or is it that Krause gave Prince 1.2M, when we actually owe him much more, Prince will sue for the rest, and the univ. is trying to fight that deal?
Or is it something else... What am I missing? :confused:
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Incredible. Just when you think that Wefald and Krause couldn't act like bigger dipsh*ts, we get this. It's like those two had battle on who could be the biggest retard....and honestly I'm not sure the who the winner is. I suppose Jon gets it for being a complete and total dipsh*t for decades while in power, but Krause's retard impact in less than one year is quite astonishing.
Yes, it's baffling. I have decided to point most of my anger at Wefald because he was technically in charge of Krause and could have been pulling the strings. Even if he wasn't he should have known what was going on. Both of them will hopefully die of old age or cancer soon.
Classy :rolleyes:
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Or is it that Krause TOLD every1 he gave Prince 1.2M when in reality it WAS much higher... ???
Sounds like it is this.
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Leave it up to J-Mart to not put anything on there for ever... Then when he does he drops this bombshell...
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http://kstatenews.org/?p=1388
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KState to fight it.
http://kstatenews.org/?p=1388 (http://kstatenews.org/?p=1388)
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BK is a piece of crap.
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I don't remember my business law at all, but Isn't he considered and "agent" of the university? He was the AD at the time.
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What in the world could have possibly justified this in Krause's mind? Did Prince have something on him? This makes zero sense. I mean the buyout we had public knowledge of was retarded but this... my God. We have had retards running our athletic department. Imagine what we can do with people with brains!!!
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So let me get this straight. It was only known by Prince and Krause? No one else had any clue. God our Athletic Department is a &@#%ing joke
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"In Pursuit of Perfection, LLC"?
:hahano:
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What in the world could have possibly justified this in Krause's mind? Did Prince have something on him? This makes zero sense. I mean the buyout we had public knowledge of was retarded but this... my God. We have had retards running our athletic department. Imagine what we can do with people with brains!!!
I wouldn't doubt in the least that Prince and Krause had dirt.
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Wow. You seriously can't make stuff like this up.
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Chance that Krause commits suicide? I'll put them at about 5%, but I'm keeping my fingers crossed.
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Chance that Krause commits suicide? I'll put them at about 5%, but I'm keeping my fingers crossed.
He's pretty old. Old people have nothing to live for, right? I'm going with 20%.
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say it ain't so krausy.
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The only possible way that Krause could prove he did this without intent is to show that Prince's agent and his company sunk their fangs into an unqualified and inexperienced AD who simply didn't know to include lawyers from KSU. And, sadly for us that could be the case. Krause (through his other exploits) has proven himself to be a world class dipsh1t - easily provable in court.
If it's anything else other than that (which it most likely is) Krause is a criminal.
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Chance that Krause commits suicide? I'll put them at about 5%, but I'm keeping my fingers crossed.
Kevorkian-style or jumping from the top of the 'gon?
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How long has Krause been at K-State . . . there's no way in F_ck (or I'd like to think so) that Bob Krause could think he could sign any type of agreement like this without legal review. The problem is, Krause was part of inner sanctum that thought it was untouchable at K-State and could do whatever they wanted.
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I want an explanation on In Pursuit of Perfection, LLC. Is that just the face for Prince's agent's exploits, or was it created jointly by Prince's agent and Krause?
Just bizarre.
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Wow. Think of all of that money you could have spent cheating to catch up with us :banghead:
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I'm sure the Wefald really found out about this mess a week ago.
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I'm sure the Wefald really found out about this mess a week ago.
After Jim Epps, no less.
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So if I am reading this right . . . there's 2 settlements, the public settlement of $1.2 million, and Bobby K's little side deal of $3.2 million. $4.4 million to effing Ron Prince.
LOL . . . amazing.
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$4.4 million to effing Ron Prince.
Maybe He Really Was Scary Smart?
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$4.4 million to effing Ron Prince.
Maybe He Really Was Scary Smart?
Smart enough to trick us into hiring him and then paying him eleventy billion to leave once we found out he really had no clue how to coach after all. Dude's some sort of crazy mastermind.
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The slice of the pie chart for KSU's athletic department spending labeled "dumb decisions" is going to look like Pac Man before it is all said and done.
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WE ARE K-STATE
Don't worry guys, this was in the binder
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I suppose this was more accurate than I originally thought...
(http://vmedia.rivals.com/UserMedia/FanPagesPhoto/Gallery/222/O181461.jpg)
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I'm sure the Wefald really found out about this mess a week ago.
i'll laugh my ass off if krause gets sued or something and produces an e-mail he sent to Weefs detailing the off the books payout.
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I'm sure the Wefald really found out about this mess a week ago.
i'll laugh my ass off if krause gets sued or something and produces an e-mail he sent to Weefs detailing the off the books payout.
Would be ridic. amazing.
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I'm picturing a scene that will play out over the next couple of years that reveals Krause & Prince secretly romantically involved and this entire scheme was to provide funding for their escape to their forbidden love on a yacht somewhere in international waters. Just like in the movie "Wild Things"
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Whitlock is gonna tee off. Not that I really care about his column anymore but hell hath no fury like Whitlock when he actually ends up being right about something...
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:lol: <-- All you can do at this point
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Need some lawyery type people to explain the potential defense ksu has.
I would assume Krause would be considered an "agent" of the university, even without anyone else in the university knowing about it, making the contract enforceable. I think KSU's only out would be something along the lines its against ksu policy to enter into contract negotiations without consent of legal counsel.
My guess...ksu will be on the hook for the full amount.
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Need some lawyery type people to explain the potential defense ksu has.
I would assume Krause would be considered an "agent" of the university, even without anyone else in the university knowing about it, making the contract enforceable. I think KSU's only out would be something along the lines its against ksu policy to enter into contract negotiations without consent of legal counsel.
My guess...ksu will be on the hook for the full amount.
I would argue the opposite of that. Since he was using funds from a government agency (and not his own), there's no way he has the authority by himself to make such an investment.
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http://www.kansascity.com/news/breaking_news/story/1207850.html
jeeeeeeeez
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If Currie wasn't told about this, I can tell you that one lawsuit that would be defensible is Currie breaking his contract to get the hell out of this sinking ship. But, maybe he was informed of this...
:flush:
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I'm sure the Wefald really found out about this mess a week ago.
i'll laugh my ass off if krause gets sued or something and produces an e-mail he sent to Weefs detailing the off the books payout.
Be prepared for your ass to do a lot of laughing.
After watching Wefald run this University like his own personal fiefdom for the better part of the last 10 years, I would be absolutely dumfounded if Wefald WASN'T complicitly involved in this dealing in some manner. My guess is, not only was he involved, but he was ALOT involved. Effin' A, the dude fired Timid Tim for the authority to appoint a puppet AD to control Prince's contract extention. We're to believe now he was magically not involved in approving Prince's firing and buy-out?
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JFC :flush:
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If Currie wasn't told about this, I can tell you that one lawsuit that would be defensible is Currie breaking his contract to get the hell out of this sinking ship. But, maybe he was informed of this...
:flush:
my assumption/hope is that he was, in some manner, made aware of this prior to or after his acceptance. KSU claims to have found out on May 11th. I think this is why he (Currie) had such an emphasis on "transparency" and why he made a point to say that he couldn't speak for things that happened in the past.
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More importantly is who gets the movie rights?
Who directs this epic cloak and dagger blockbuster?
Who plays Krause? Weefer? Prince?
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It's going to be interesting to find out when this 'secret agreement' was put into place. If it was, for instance, in the middle of the season when it was becoming readily apparent that fan disapproval was going to drive Prince out that makes that much more suspicious on Krause's part.
Wefailed said that it happened sometime between Princes extension in August 2008 and this month. We fired Prince, in what, November? The thought that it could of been put into place between November and now - after his firing - is retarded.
Me thinks it was lumped into negotiations right around the same time the extension was - August or September. If it was in October or anytime after that (when our decline on the field began again in earnest) then Krause's stank is all over it.
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Sure Krause's head should roll but nobody should get escorted out quicker than Wefald. You've got to know what's going on under your umbrella - - particularly the athletic department. Seems to me that Wefald packed it in about 18 months ago.
On the bright side, your school recently had a solid hire (AD, not old ballz) and I'm sure that he is looking forward to starting with a new slate, and new President. Wefald's a joke.
:kstatriot:
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At least we'll have Booyah! Pizza and Groceries up and basically running this country to pay Prince off in 2015-2020.
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Opens the door for Venables?
:jackbox:
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A 'secret agreement'? Really? Thats all the more creative our athletic department can be? No attempt at laundering the money through boosters...or anything? I mean, we really really suck at this. :blank:
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:jackbox:
:lol: :lol: :lol: :lol:
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A 'secret agreement'? Really? Thats all the more creative our athletic department can be? No attempt at laundering the money through boosters...or anything? I mean, we really really suck at this. :blank:
I know, they could have at least made it a double super secret agreement.
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Opens the door for Venables?
:jackbox:
I was just wondering if the hiring of snyder could be voided as well. :pray:
(http://www.4malamute.com/brent_venables_105.jpg)
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f^ck well this explains why Prince has been in town soo much lately smiling his ass off. all the way to the bank. :blindfold:
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From J-Mart's article.
Wefald's last day is June 30.
:) :D :shy: :P :lick: :thumbsup: :tongue: :hahano: :excited: :drool: :rofl: :woohoo: :nahnah: :fatty: :dancin: :beerchug:
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http://cjonline.com/sports/football/2009-05-20/k_state_filing_suit_over_deal
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From J-Mart's article.
Wefald's last day is June 30.
:) :D :shy: :P :lick: :thumbsup: :tongue: :hahano: :excited: :drool: :rofl: :woohoo: :nahnah: :fatty: :dancin: :beerchug:
what the &@#% are you smiling about? dude still has another month to further ruin KSU atheletics.
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f^ck well this explains why Prince has been in town soo much lately smiling his ass off. all the way to the bank. :blindfold:
Prince then smiles all the way to the headquarters of In Pursuit of Perfection which looks like an office building on the outside but really has no operating elevator, empty cubicles, and a working phone that connects you to some company in southeast Asia.
Seriously, google In Pursuit of Perfection LLC.
Nothing. :scared:
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This Ron Prince character will not leave us the frack alone!!!
:suicideispainless:
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Good meltdown today d00ds. Really felt good to "stretch the legs" a bit after being sedentary for so long. Needed this.
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Email campaign to the U. of Virginia warning them of a snake in the grass. :powertard:
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Good meltdown today d00ds. Really felt good to "stretch the legs" a bit after being sedentary for so long. Needed this.
qft. hate on prince all you want, but sh*t like this keeps things exciting.
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f^ck well this explains why Prince has been in town soo much lately smiling his ass off. all the way to the bank. :blindfold:
Prince then smiles all the way to the headquarters of In Pursuit of Perfection which looks like an office building on the outside but really has no operating elevator, empty cubicles, and a working phone that connects you to some company in southeast Asia.
Seriously, google In Pursuit of Perfection LLC.
Nothing. :scared:
Wonder if they are hiring or if I have to wait until 2015 to submit my resume :dunno:
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Good meltdown today d00ds. Really felt good to "stretch the legs" a bit after being sedentary for so long. Needed this.
Yeah Almost didn't log in today :eek:. Quite glad I did.
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From J-Mart's article.
Wefald's last day is June 30.
:) :D :shy: :P :lick: :thumbsup: :tongue: :hahano: :excited: :drool: :rofl: :woohoo: :nahnah: :fatty: :dancin: :beerchug:
what the frack are you smiling about? dude still has another month to further ruin KSU atheletics.
They're not letting him anywhere near Vanier/Bram
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f^ck well this explains why Prince has been in town soo much lately smiling his ass off. all the way to the bank. :blindfold:
Prince then smiles all the way to the headquarters of In Pursuit of Perfection which looks like an office building on the outside but really has no operating elevator, empty cubicles, and a working phone that connects you to some company in southeast Asia.
Seriously, google In Pursuit of Perfection LLC.
Nothing. :scared:
Wonder if they are hiring or if I have to wait until 2015 to submit my resume :dunno:
They'll hire you. All you have to do is make a small, one-time cash deposit.
An African named Pilar will call you on your cell phone and meet you in the lobby of the downtown Drury.
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J-Mart update: (http://blogs.kansas.com/kstated/2009/05/20/more-on-krause/) He thinks Krause acted on his own.
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Dear Friend
Permit me to inform you of my desire of going into business relationship with you. I got your contact from a computerize data following my effort searching for a trustworthy person to assist me.
I am Neil Cornich, an attorney at law. A deceased client of mine,that shares the same last name as your former head football coach, died as the result of a heart-related condition on November 5th 2008. His heart condition was due to the death of all the members of his family in the tsunami disaster on the 26th December 2004 in Sumatra Indonesia .http://en.wikipedia.org/wiki/2004_Indian_Ocean_earthquake
I contacted you to assist me in recovering the Fund valued at Three Million Two Hundred Thousand Dollars ( US$3.2 Million Dollars), executed contract fund that was approved in favor of my late client, Being the proposed contract payment for the contract he executed with the Company here before his untimely demise On the 5th of November 2008.for more information.
I can be reached on this E-mail. [email protected]
Best regards,
Neil Cornich
Attorney at Law
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I’ll explain more tomorrow in another post. By the way, that would make three days in a row, which means I’m due for at least another couple of weeks off.
Just kidding.
Oh J-Mart, such a kidder
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So, does Vanier come in and clean up his brain damaged son in laws mess?
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Leave it to K-State to get caught in some shady dealins without the desired byproduct of championships. We're like the dudes in Office Space who look up "money laundering" in the dictionary and get stuck with 4.4 million subscriptions to VIBE and nothing to show for it.
:blank:
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With that extra change, we could have got Patterson.
AD: We'll give you $2 million a year.
Patt: No.
AD: And a $3.2 million signing bonus.
Patt: <immediated stands and starts to Wabash>
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J-Mart update: (http://blogs.kansas.com/kstated/2009/05/20/more-on-krause/) He thinks Krause acted on his own.
Someone else in the KSU AD knew. GTFOOMF with that lone gunman theory.
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J-Mart update: (http://blogs.kansas.com/kstated/2009/05/20/more-on-krause/) He thinks Krause acted on his own.
Someone else in the KSU AD knew. GTFOOMF with that lone gunman theory.
Tibesar :yikes:
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http://www.kansascity.com/703/story/1207850.html
Wow. Good job :beerchug:
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J-Mart update: (http://blogs.kansas.com/kstated/2009/05/20/more-on-krause/) He thinks Krause acted on his own.
Someone else in the KSU AD knew. GTFOOMF with that lone gunman theory.
Tibesar :yikes:
How incredibly ironic would it be if he ended up saving us $3.2M?
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J-Mart update: (http://blogs.kansas.com/kstated/2009/05/20/more-on-krause/) He thinks Krause acted on his own.
Someone else in the KSU AD knew. GTFOOMF with that lone gunman theory.
Tibesar :yikes:
How incredibly ironic would it be if he ended up saving us $3.2M?
Would be his best Defensive coaching job BY FAR. :AA:
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"In Pursuit of Perfection, LLC"?
:hahano:
I wish some of these people would get hit by a bus. Seriously. :curse:
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So I'm guessing the new basketball facilities might be complete by 2016?
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The agreement came to light on May 11 as part of the university's legal counsel responding to an information request from an unnamed assistant coach to Prince, who has filed a lawsuit to obtain the second year of compensation under his contract.
Imagine finding out about this in 2015 or 2020, after 3.2 million dollars leaks out of our pockets over 5 years. Would it be more or less embarrassing than it is now?
We can't even figure this crap out on our own. :lol:
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There is grounds to invalidate this agreement. In Kansas an agent needs to have actual or apparent (ostensible) authority to bind his principal. I would argue Prince and his lawyer knew full well there is no way in HELL that KSU would give Krause the kind of authority to make this type of payment. I suspect there is a by-law or operating procedure that states any contract over X must be approved through various channels. Some dean cannot go buy a jet to take a field trip and if you sell him a jet you had better be ready to eat what he cannot pay personally.
In reality though, the lawsuit will cost KSU in legal fees and there will be a settlement reached. I would bet Prince still gets at least $1.5mil of this amount.
The best way to really shake the trees is to have the AG's office ask BK and RP to come in to "chat"
He is at best a moron and at worst a criminal.
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There is grounds to invalidate this agreement. In Kansas an agent needs to have actual or apparent (ostensible) authority to bind his principal. I would argue Prince and his lawyer knew full well there is no way in HELL that KSU would give Krause the kind of authority to make this type of payment. I suspect there is a by-law or operating procedure that states any contract over X must be approved through various channels. Some dean cannot go buy a jet to take a field trip and if you sell him a jet you had better be ready to eat what he cannot pay personally.
In reality though, the lawsuit will cost KSU in legal fees and there will be a settlement reached. I would bet Prince still gets at least $1.5mil of this amount.
The best way to really shake the trees is to have the AG's office ask BK and RP to come in to "chat"
He is at best a moron and at worst a criminal.
Would K-State run into problems becuase the IAC is a separate corporation, or would they be "saved" because while it is a separate corporation it operates under the "umbrella" of Kansas State University??
Just curious.
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There is grounds to invalidate this agreement. In Kansas an agent needs to have actual or apparent (ostensible) authority to bind his principal. I would argue Prince and his lawyer knew full well there is no way in HELL that KSU would give Krause the kind of authority to make this type of payment. I suspect there is a by-law or operating procedure that states any contract over X must be approved through various channels. Some dean cannot go buy a jet to take a field trip and if you sell him a jet you had better be ready to eat what he cannot pay personally.
In reality though, the lawsuit will cost KSU in legal fees and there will be a settlement reached. I would bet Prince still gets at least $1.5mil of this amount.
The best way to really shake the trees is to have the AG's office ask BK and RP to come in to "chat"
He is at best a moron and at worst a criminal.
Would K-State run into problems becuase the IAC is a separate corporation, or would they be "saved" because while it is a separate corporation it operates under the "umbrella" of Kansas State University??
Just curious.
Great question and I do not know the answer BUT, when looking to whether an agent had apparent authority to bind their principal, you look to the words and acts of the principal to the third party. If BK was the CEO and unquestioned exec of the IAC (as opposed to Weefer being the exec of KSU), then we could be in trouble.
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I would like some clarification on why there would be a payout between 2015 and 2020, and why/who to the LLC? It makes no sense. None at all, even if Prince was awesome-o.
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This photo was just snapped:
(http://i133.photobucket.com/albums/q45/kougar24/KState/anderson_nuke.png)
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I want an explanation on In Pursuit of Perfection, LLC. Is that just the face for Prince's agent's exploits, or was it created jointly by Prince's agent and Krause?
Just bizarre.
not as good as the weiser way. not even close.
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All these football coaches and AD's set up their own corporations. Snyder has his own corporation.
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Here's what I don't get. If Krause didn't tell anybody about this deal, how the heck did he expect it to get paid?
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Here's what I don't get. If Krause didn't tell anybody about this deal, how the heck did he expect it to get paid?
Must have assumed we'd never fire Prince.
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No wonder that press conference between those two was so awkward...
Imagine one where this whole deal is discussed between Weefer/Krause/Prince/Currie/Schulz :love: and throw OB in there for whatever reason...
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No wonder that press conference between those two was so awkward...
Imagine one where this whole deal is discussed between Weefer/Krause/Prince/Currie/Schulz :love: and throw OB in there for whatever reason...
Bad mix. For maximum awkwardness you would need Prince, Wefald, Krause and Weiser. Prince would come off looking fantastic.
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Krause probably thought he'd still be AD and could just tuck this little tidbit away in the budget someplace . . . but how the hell do you tuck away a line item of $640K that keeps showing up every year for 5 years.
Say ah Bob, what's this $640,000 . . . . dumbass coaching buyouts for??
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No wonder that press conference between those two was so awkward...
Imagine one where this whole deal is discussed between Weefer/Krause/Prince/Currie/Schulz :love: and throw OB in there for whatever reason...
Bad mix. For maximum awkwardness you would need Prince, Wefald, Krause and Weiser. Prince would come off looking fantastic.
And Weiser.
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I bet Huggins is all :curse: for just walking away from this candy factory without an extra seven figures in his pocket.
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I'm absolutely astounded at the sheer &@#%ing stupidity of the management at my alma mater. What a complete &@#%ing circus. Enron was ran better.
Krauser's total lack of experience really showed though on this deal. I can't wait until the next time the Athletic department calls me and asks for my support.
Me----> :angryMJ:
Ron Prince -----> :fatty:
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I bet Huggins is all :curse: for just walking away from this candy factory without an extra seven figures in his pocket.
Great point. He could have barely tried and taken us for that.
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Huggins is on the phone with his agents right now trying to get rehired for 1 week at K-State
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Huggins is on the phone with his agents right now trying to get rehired for 1 week at K-State
Hell, he wouldn't even have to do that. Just produce some forged secret document "from 2007" promising Huggins a large payout due sometime between 2013 and 2018 via a shadow company called "In Pursuit of More Booze and Victories, LLC."
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With that extra change, we could have got Patterson.
AD: We'll give you $2 million a year.
Patt: No.
AD: And a $3.2 million signing bonus.
Patt: <immediated stands and starts to Wabash>
:lol:
Classic. That actually made me LOL.
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From KSU's website...pretty much the same stuff as the other links.
Source: Jon Wefald
Note to editors: Because this is a legal matter, there will be no further comment from K-State
News released by media relations:
PDF of court filing
Wednesday, May 20, 2009
K-STATE FILES SUIT ASKING COURT TO DECLARE SECRET AGREEMENT INVALID
MANHATTAN -- Kansas State University and its athletic corporation are filing suit today, asking a court to declare invalid a secret agreement signed by Bob Krause, its former athletic director, and by former head football coach Ron Prince for a company called In Pursuit of Perfection, LLC. The secret agreement was signed without the knowledge of anyone else at K-State, according to K-State President Jon Wefald.
If determined to be valid, K-State's athletic corporation would have to make $3.2 million in deferred compensation payments to In Pursuit of Perfection between 2015 and 2020.
In addition to other legal claims, K-State argues that Ron Prince's attorney, Ohio sports agent Neil Cornrich, impermissibly negotiated this secret agreement without involving attorneys for the university. K-State contends that, under attorney ethical rules, Cornrich was required to obtain permission from K-State lawyers before negotiating directly with Krause.
Interim athletic director James Epps issued the following statement:
"On May 11, 2009, I learned of a secret deferred compensation agreement that Bob Krause apparently negotiated with Ron Prince's attorney. This alleged deal was made without the knowledge of anyone else in the athletics department, including its attorney. This deal was apparently constructed as a further supplement to the buyout provision contained in Prince's employment contract. I do not know why any additional supplement was justified, or why Bob Krause concealed this agreement from everyone until it was inadvertently discovered last week.
"I do not believe that this agreement is valid, and the athletics department will vigorously fight any attempt to enforce it."
K-State President Jon Wefald said, "I learned shortly after Jim Epps about the secret deferred compensation agreement between Bob Krause and Ron Prince's attorney. I was shocked and saddened to find out about this agreement. No one in central administration or athletics knew about this agreement. We all thought that the August 2008 press release accurately described Ron Prince's one year contract extension and his salary increase from $750,000 to $1.1 million. We thought that any compensation he was owed was in that contract. We had no knowledge whatsoever of this secret agreement between August 2008 and May 2009, and it was therefore unavailable to the auditors, Grant Thornton, who were retained by the Board of Regents to do an exit analysis.
"After Jim Epps and I learned about the secret agreement, we spent several days explaining to Ron Prince and his agent why they should consider the agreement was null and void. That failed. We believe that this secret agreement made between Bob Krause and Ron Prince's attorney is null and void and we will act accordingly.
"This has happened on my watch. I appointed Bob Krause to be athletic director. He has been a longtime friend. I regret deeply and apologize that this happened while I was president. But we do regard this secret agreement as null and void. Like the Interim AD Jim Epps and his staff, we have been completely caught off guard.
"I have asked for Bob Krause's resignation as director of economic development for the K-State Olathe Innovation Campus and he has resigned, effective today.”
K-State discovered the secret agreement May 11, 2009, while responding to routine informational requests in a lawsuit involving one of its former assistant football coaches.
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This is genesis of MCMW.
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"After Jim Epps and I learned about the secret agreement, we spent several days explaining to Ron Prince and his agent why they should consider the agreement was null and void. That failed. We believe that this secret agreement made between Bob Krause and Ron Prince's attorney is null and void and we will act accordingly.
[/quote]
this is one of my favorite quotes or part of a quote ever. ever.
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You can view the actual court document (11 pages) at cjonline now.
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"After Jim Epps and I learned about the secret agreement, we spent several days explaining to Ron Prince and his agent why they should consider the agreement was null and void. That failed. We believe that this secret agreement made between Bob Krause and Ron Prince's attorney is null and void and we will act accordingly.
this is one of my favorite quotes or part of a quote ever. ever.
hilariously matter of fact for an official release. emotions running high when they wrote this up.
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"After Jim Epps and I learned about the secret agreement, we spent several days explaining to Ron Prince and his agent why they should consider the agreement was null and void. That failed. We believe that this secret agreement made between Bob Krause and Ron Prince's attorney is null and void and we will act accordingly.
this is one of my favorite quotes or part of a quote ever. ever.
:love:
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"After Jim Epps and I learned about the secret agreement, we spent several days explaining to Ron Prince and his agent why they should consider the agreement was null and void. That failed. We believe that this secret agreement made between Bob Krause and Ron Prince's attorney is null and void and we will act accordingly.
this is one of my favorite quotes or part of a quote ever. ever.
hilariously matter of fact for an official release. emotions running high when they wrote this up.
JW: "D00d! I didn't even know about this, it doesn't count!"
RP: "LOL, GTFOMF old man. 'In Pursuit' of yo money!"
JW: :crybaby:
RP: :jerkoff: :woot:
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(http://i271.photobucket.com/albums/jj141/aaronlloyd11/perkins.jpg)
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(http://i271.photobucket.com/albums/jj141/aaronlloyd11/perkins.jpg)
Oh my god. It's beautifully horrendous :katpak: :dive: :barman:
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One thing I don't understand is why is KSU filing suit? Nearest I can tell, a payment isn't due until 2015, why not just send an official letter to Ron in 2015 that says: "You sucked really bad and we're not giving you any money because the secret contract you and Bob did is null and void" and have him file suit to come and get it?
Isn't KSU just jumping the gun here? :confused:
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If you become aware of what you believe is a null contract and don't take legal action to declare it null, you could be said to have waived your argument.
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http://sports.espn.go.com/ncf/news/story?id=4186922
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loffles..."ex-AD Ron Krause..."
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loffles..."ex-AD Ron Krause..."
I hope someone :nutkick: to Ron Krause.
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Updated "Ron" Krause Stock Watch:
(http://i133.photobucket.com/albums/q45/kougar24/KState/krause-stock-1.png)
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solid y-axis labels.
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Too bad Tibs isn't running Ronald's defense now...
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solid y-axis labels.
It's incredibly depressing to remember how happy I was adding that upswing line immediately following the "IT'S PATTERSON" announcement.
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Too bad Tibs isn't running Ronald's defense now...
i really enjoyed this comment. while I didn't LMAO, I did LOL.
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I want the lawsuit to order that Krause should pay the agreement...not Kstate.
sounds fair, right everyone? :powertard:
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All these football coaches and AD's set up their own corporations. Snyder has his own corporation.
So does mangino
(http://img39.imageshack.us/img39/5536/5252145.jpg) (http://img39.imageshack.us/my.php?image=5252145.jpg)
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Seriously, I don't care even a little about any of this.
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Weefs has known about this for a long long time. Like since the Iowa State game at the end of the season. Lots of people from the athletic department were seen walking into weefs office all happy go lucky, and coming out looking like they had just seen a ghost. IMO k-state athletics is going to be hurting for a long time. should be interesting watching the cleanup after this trainwreck. hope krause enjoys his early retirement. :popcorn:
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Weefs has known about this for a long long time. Like since the Iowa State game at the end of the season. Lots of people from the athletic department were seen walking into weefs office all happy go lucky, and coming out looking like they had just seen a ghost. IMO k-state athletics is going to be hurting for a long time. should be interesting watching the cleanup after this trainwreck. hope krause enjoys his early retirement. :popcorn:
:powertard:
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Seriously, I don't care even a little about any of this.
We knew you wouldn't, bro, it's cool. Hard to make an inspirational video about this subject matter.
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With phantom transfers and high quality studs like smoke to chase . . . PW's got bigger fish to fry.
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Too bad Tibs isn't running Ronald's defense now...
:lol:
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The last few years would have been so much more boring if not for Ronald.
Thanks for the last few laughs, big guy.
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The last few years would have been so much more boring if not for Ronald.
Thanks for the last few laughs, big guy.
He has been amazing for message boarding.
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From the first moment I heard his name, which was moment's after he was named Ksu football head coach, to eventually decimating the Ksu program and robbing them of several million dollars....
Personally, I think Krause was paying Prince off for sexual favors.
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Bob agrees to this stupid buyout. Weefer somehow figures it out then ushers Bob out of the AD office to Olathe to oversee that project hoping that the dust settles and no one says anything. The new boys on the block come in and Currie, especially him, " No way, something has to be said. I can't cover this up and restore order." So here we are ready to go to battle in the legal area.
What do we do now? We've let Bob go, so where does that leave the Vanier's? Will they continue to support the University? What does everyone think?
Schulz and Currie really have to be wondering what they gotten into.
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I think it's safe to say that Mr. Vanier cares more about K-state sports than he does about his good for nothing son in law.
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I think it's safe to say that Mr. Vanier cares more about K-state sports than he does about his good for nothing son in law.
qfmft
Vanier has donated millions. Would he cut all that loose just because Kstate is angry he made an obviously dipcrap move that hurt the school? No way.
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First Prince makes us suck in football than he lays this Sh*t on us. WTF?
and Krause can just F himself. I hope they both end up in jail :coplights: :cop: and princes agent :chainsaw: :chainsaw: :chainsaw:
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:coplights: :cop:
:lol:
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:thumbsup:
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First Prince makes us suck in football than he lays this Sh*t on us. WTF?
and Krause can just F himself. I hope they both end up in jail :coplights: :cop: and princes agent :chainsaw: :chainsaw: :chainsaw:
nice emoticon use, this one has lots of potential. spot on analysis btw. i hope both of those bastards end up in jail, and every day true EMAWs can come and piss on them :kstatriot:
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Jack and SinL Bob aren't exactly best buds from what I hear.
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Seriously, I don't care even a little about any of this.
We knew you wouldn't, bro, it's cool. Hard to make an inspirational video about this subject matter.
:lol:
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I can already see the Outside the lines report on this... :flush:
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I bet the BCA has a field day :ohno:
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Question from an outsider:
Is K-State still getting cash from Vanier or has that well dried up? If so, does this piss him off or does he think his son-in-law is as big of jackass as everybody else?
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Question from an outsider:
Is K-State still getting cash from Vanier or has that well dried up? If so, does this piss him off or does he think his son-in-law is as big of jackass as everybody else?
Yes, Jack still donates a lot of money. Jack doesn't get along with Krause.
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Question from an outsider:
Is K-State still getting cash from Vanier or has that well dried up? If so, does this piss him off or does he think his son-in-law is as big of jackass as everybody else?
Yes, Jack still donates a lot of money. Jack doesn't get along with Krause.
(http://middlezonemusings.com/wp-content/uploads/2008/05/a-tip-o-the-hat-to-you.jpg)
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wefald might not have had direct knowledge of this specific agreement but i'd be shocked if krause is found to have been acting alone. he did nothing without direction from wefald.
my guess is wefald/krause hatched the plan. wefald said do it but I don't want to know about it. krause executed it and didn't mention to wefald.
again, krause doesn't take a dump w/o wefald telling him to.
I'd also love to know how the auditors "missed" this contract but then the new AD found it. the accruals for money owed would all have been booked on the university's ledger...
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BAMBOOZLED!
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I'd also love to know how the auditors "missed" this contract but then the new AD found it. the accruals for money owed would all have been booked on the university's ledger...
:dunno:
(http://cartoons-comics.deepthi.com/images/scooby.jpg)
And I would've gotten away with it if it wasn't for that pesky Tibs.
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Urick, the former athletic director, called the situation "horrible."
"But I'm not surprised," he said. "There's been a recent pattern of recklessness, selfishness and a disregard for the university."
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Urick, the former athletic director, called the situation "horrible."
"But I'm not surprised," he said. "There's been a recent pattern of recklessness, selfishness and a disregard for the university."
Max Urick commenting on anything related to running an athletic department is like Ken Lay commenting on ethics.
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Urick, the former athletic director, called the situation "horrible."
"But I'm not surprised," he said. "There's been a recent pattern of recklessness, selfishness and a disregard for the university."
Max Urick commenting on anything related to running an athletic department is like Ken Lay commenting on ethics.
You mean like starting construction on a new baseball stadium without adequate funding Max? Like that kind of rekless selfish disregard for the university?
We've been a joke for a long time.
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*yawn*
those stupid f*ckers are all gone now.
and barry will send this country into such a tailspin that by the time we have to pay IPP (yeah you know me) $3.2 million will get you a twinkie and a tank of unleaded.
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Look at the bright side - Wefald's legacy will now be far more reflective of reality.
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Not Booked, Not Accrued; Therefore "SECRET" :)
Your Friendly local CPA
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I guess this is a question for Dax, but some of the legal-types may know. How is the IAC funded and what assets does it have?
The MOU is signed only by Krause, and only on behalf of IAC. Does the IAC have funds to pay the MOU outside of KSU's backing? If the current lawsuit doesn't pan out, could IAC be put into bankruptcy and void the liability on the MOU?