KSUFans Archives

Sports => Snyder's Electronic Cyber Space World => Topic started by: KansasForever on May 21, 2009, 04:04:52 PM

Title: Dear Dax
Post by: KansasForever on May 21, 2009, 04:04:52 PM
Could you please give us another impassioned soliloquy about the inherent robustness of the K-State athletic department budget?

I'll hang up and listen off the air. 
Title: Re: Dear Dax
Post by: sonofdaxjones on May 21, 2009, 04:21:57 PM
WellBigJkuJrtard . . .

By all accounts the rank and file folks in the K-State athletic department were shocked when Krause told them last winter that the department was over $1 million in the hole.  Why??  Because revenue streams were hitting projections, no sport was exceeding their budget, giving was steady and strong, and Radio/TV revenue was exceeding projections. 

Now, tell me how great it is at ku, when then the ku associate athletic director says the budget is so tight that that athletic department can't afford to supplement faculty and staff tickets, because the ku academic administration can no longer afford to supplement faculty and staff tickets . . . the total dollars needed, about $450K.

Now BigJkujrTard . . . run on back over to phognet and act like you guys know everything.

Oh and by all reports . . . it's going to be a good while before that "Olympic Sports Complex" gets built at ku, because as ku tears that $hit AstroPlay turf and puts in FieldTurf (that K-State put in, in 2001) there is no intention to tear out the track anytime soon because they're going to need it.









Title: Re: Dear Dax
Post by: DrJamesANaismith on May 21, 2009, 06:05:18 PM
^^^  The kid never disappoints does he?  ^^^

Did I miss some posts that got deleted or something? What did BigJ have to do with the first post?

.... I'll hang up and listen off the air
Title: Re: Dear Dax
Post by: sonofdaxjones on May 21, 2009, 07:07:49 PM
DocStalkSmith . . . shouldn't you be over pleasuring yourself to such threads as "the biggest dick in the NBA".

BigJkutard thinks he's got the whole financial picture figured out, and most of the time he's wrong.

ku athletics . . . $54 million dollars in debt.  Lew steals $2.5 million a year in fees from the students, and ku can't even afford a measly $451k to give faculty and staff a break. 

Sad . . . 

Title: Re: Dear Dax
Post by: DrJamesANaismith on May 21, 2009, 07:11:18 PM
Maybe he does, or maybe he doesn't, I don't know. What does he have to do with this post?

Title: Re: Dear Dax
Post by: sonofdaxjones on May 21, 2009, 07:16:21 PM
Because I know exactly where the ku tards get their "fodder" and bigjkutard is over on phogtard acting like he knows everything about K-State's financial situation and he's got the phogtards (such as yourself) pretty much convinced that K-State athletics is going to go bankrupt or something . . .  and if Snyder doesn't win the conference in the next couple of years K-State is going to have to fold its athletic department.   That's not how it works.


Bigjkutard paints a picture that ku is rolling in cash, meanwhile Lew's little ass puppet Marichone (sp??) comes out and says the budget is so tight ku athletics can't afford to pick up the slack on faculty staff tickets after the administration said they couldn't afford to do it anymore.

So far no budget cuts, no loss of faculty staff discounts or things of that ilk at K-State.




Title: Re: Dear Dax
Post by: DrJamesANaismith on May 21, 2009, 07:23:53 PM
Oh I get it. You're a pretty sharp cookie there aren't ya daxipad? You somehow knew this question really wasn't about how solvent things are, it was about Lew and ku. Brilliant.

So how are things?
Title: Re: Dear Dax
Post by: sonofdaxjones on May 21, 2009, 07:30:40 PM
LOL at BigJkutard . . . you must be pm'ing him DocStalkSmith, or he's lurking on the board, I never said ku athletics was in trouble, nor can you use the Equity in Athletics numbers and get a true picture as to what's going on in the athletic department.   I suspect a good portion of the donations to ku athletics last year went into endowments likely to help pay for coaches salaries over time, that's why Lew had to float $31 million dollars in bonds for all the improvements to the Fieldhouse, and that's why overall ku athletics is $54 million dollars in debt.  Of course BigJkutard will say that floating bonds is a good idea . . and it is, but ku also has to borrow money to do the football facility, and is still paying off the improvements to Memorial Stadium from 1998.


Bigjkutard wrote on Phogtard.net:
That data is from basically prior to last years football season.  I think I heard from some KSU smart ass something about kuAD being in trouble because they are not paying for discounted faculty tickets but a couple of years ago kuAD stopped paying for those in exchange for paying all the utility bills on its facilities.  That is a reflection of the general budget, which being influenced by the state budget, is thin everywhere this year.

Lew's Ass Puppet said this to the LJ World on April 1st, 2009:

Associate Athletic Director Jim Marchiony said the athletic department could not pick up the cost of the discount program, but said the department would continue to allow faculty and staff ticket holders to sit in preferred seating locations without the requirement that they become donors to ku Athletics. The department also offers a special half-season ticket package to faculty and staff that is not offered to the general public, Marchiony said.


ku Athletics generated about $53 million in revenue for the 2007-2008 school year, according to the department’s annual report. But Marchiony said expenses are near the $53 million mark as well.
Title: Re: Dear Dax
Post by: DrJamesANaismith on May 21, 2009, 07:32:54 PM
What does that have to do with KSU?
Title: Re: Dear Dax
Post by: sonofdaxjones on May 21, 2009, 07:41:32 PM
What does that have to do with KSU?


That was out of a thread where BigJkutard was talking about K-State not having floated the bonds yet for its facilities improvements . . . he doesn't know if that's happened or not, they may have had a private bond sale, I am not sure either.   I suspect BigJkutard doesn't even know the agency in the state that typically handles those bond sales.

But again, the basic theme is that BigJkutard Jr. is over here taking cues from BigJkutard on phogtard.net . . . when at this juncture nobody knows exactly what the financial situation is at K-State, except for a few people.   But again, no budget cuts, no layoffs, no ticket price increases and faculty staff still gets discount tickets.

Title: Re: Dear Dax
Post by: DrJamesANaismith on May 21, 2009, 07:42:55 PM
You've lost it kid. Good luck in your quest for relevance.
Title: Re: Dear Dax
Post by: KSUTOMMY on May 21, 2009, 08:02:56 PM
The rebuttals to the facts that Dax is laying out are as weak as a 8 yr old boy. Bring some educated $h!t or some good quality smack, or GTFO.
Title: Re: Dear Dax
Post by: BigJ on May 21, 2009, 08:36:10 PM
What does that have to do with KSU?


That was out of a thread where BigJkutard was talking about K-State not having floated the bonds yet for its facilities improvements . . . he doesn't know if that's happened or not, they may have had a private bond sale, I am not sure either.   I suspect BigJkutard doesn't even know the agency in the state that typically handles those bond sales.

But again, the basic theme is that BigJkutard Jr. is over here taking cues from BigJkutard on phogtard.net . . . when at this juncture nobody knows exactly what the financial situation is at K-State, except for a few people.   But again, no budget cuts, no layoffs, no ticket price increases and faculty staff still gets discount tickets.



FWIW I don't generally lurk here.  I had to re-register today because I was curious about the reaction to the Krause thing.  Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through.  Before today it had been some number of months since I had visited.

For the record I know who issues bonds for the Universities and municipalities in this state and I also know damn well who rates them.  It is public information you can get very simply at Moody's who gives a bond rating when they are put up for sale.  If you have a paid, company account you can get more information but the rating and what is rated for each institution and each bond is right there for you for free.

I don't really want to start up a whole argument.  Though it is kind of silly to say the kuAC is going broke because they won't pickup an obligation of the University to its employees.  They have no reason to, they have wanted to do away with the faculty tickets forever anyway because too many were getting resold on ebay.

Once again I think you still don't understand debt.  You see debt and you assume bad things.  The fact that the debt was sold with the rating it had for the rate it did tells a bunch of the story.  Debt, if you can service it, is not an unhealthy thing.  kuAC can clearly service its debt obligations at the moment, that is why they were able to sell them quickly.

Really the arguments about numbers are all academic and speculative anyway.  The real proof is in the shovels in the grounds and concrete being poured.  ku is doing that.  KSU isn't and there are more than a few reports out there that say KSU is pretty much stalled on its current round of facility upgrades.  I am not the one putting that story out there.  Talk to your friend J-Mart.

"After Wednesday, that can't be the case -- especially with progress on a $70 million expansion of athletic facilities stalled. Under Weiser, there was a multimillion-dollar reserve and a yearly budget in the black. According to sources, the reserve is exhausted and the budget is in the red."

We can fight numbers all we want.  But the best you can come up with is the fact that kuAC won't pickup an unexpected bill for tickets it does not want to sell to faculty to begin with.  Meanwhile you guys have a stalled facilities project, by many reports you have an AD budget in the red, you are playing 2 FCS teams in one year and are playing a road game at a Sun Belt team's stadium.

I don't for one second think ku has a rich AD.  ku does have a stable and well run AD which is something KSU has not had for quite a while.  ku has a stable source of income in the basketball program while KSU does not have a stable source of income at the moment.  These are big differences and they are the reasons ku is putting up buildings while KSU is still sitting with drawings and undefined time lines for construction.
Title: Re: Dear Dax
Post by: fatty fat fat on May 21, 2009, 08:37:20 PM
Quote
FWIW I don't generally lurk here.  I had to re-register today because I was curious about the reaction to the Krause thing.  Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through.  Before today it had been some number of months since I had visited.

go f*ck yourself and your loser football program
Title: Re: Dear Dax
Post by: BigJ on May 21, 2009, 09:03:47 PM
Quote
FWIW I don't generally lurk here.  I had to re-register today because I was curious about the reaction to the Krause thing.  Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through.  Before today it had been some number of months since I had visited.

go f*ck yourself and your loser football program

Love you too Fatty.
Title: Re: Dear Dax
Post by: catdude33 on May 21, 2009, 09:08:54 PM
Quote
ku does have a stable and well run AD which is something KSU has not had for quite a while.

Is ku still on probation for "lack of institutional control" within its athletic department?
Title: Re: Dear Dax
Post by: KansasForever on May 21, 2009, 09:14:49 PM
The rebuttals to the facts that Dax is laying out are as weak as a 8 yr old boy. Bring some educated $h!t or some good quality smack, or GTFO.

LOL.  What facts?  Just the fact that ku this October will finish $100 million in construction in just the last two years, has a football program that is projected to win the Big 12 North and a basketball program that is projected by most to win its second National Championship in three years.  

The KSU "rebuttal" is eying a big fat fiscal crapburger to somehow gag down to go with its mediocre basketball and comically horrific football program.

I don't know however Dax or the other sand divers choose to measure athletic department success vis-a-vis ku, but they can have it.

 :love:
Title: Re: Dear Dax
Post by: CFBdude on May 22, 2009, 07:06:24 AM
What does that have to do with KSU?


That was out of a thread where BigJkutard was talking about K-State not having floated the bonds yet for its facilities improvements . . . he doesn't know if that's happened or not, they may have had a private bond sale, I am not sure either.   I suspect BigJkutard doesn't even know the agency in the state that typically handles those bond sales.

But again, the basic theme is that BigJkutard Jr. is over here taking cues from BigJkutard on phogtard.net . . . when at this juncture nobody knows exactly what the financial situation is at K-State, except for a few people.   But again, no budget cuts, no layoffs, no ticket price increases and faculty staff still gets discount tickets.



FWIW I don't generally lurk here.  I had to re-register today because I was curious about the reaction to the Krause thing.  Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through.  Before today it had been some number of months since I had visited.

For the record I know who issues bonds for the Universities and municipalities in this state and I also know damn well who rates them.  It is public information you can get very simply at Moody's who gives a bond rating when they are put up for sale.  If you have a paid, company account you can get more information but the rating and what is rated for each institution and each bond is right there for you for free.

I don't really want to start up a whole argument.  Though it is kind of silly to say the kuAC is going broke because they won't pickup an obligation of the University to its employees.  They have no reason to, they have wanted to do away with the faculty tickets forever anyway because too many were getting resold on ebay.

Once again I think you still don't understand debt.  You see debt and you assume bad things.  The fact that the debt was sold with the rating it had for the rate it did tells a bunch of the story.  Debt, if you can service it, is not an unhealthy thing.  kuAC can clearly service its debt obligations at the moment, that is why they were able to sell them quickly.

Really the arguments about numbers are all academic and speculative anyway.  The real proof is in the shovels in the grounds and concrete being poured.  ku is doing that.  KSU isn't and there are more than a few reports out there that say KSU is pretty much stalled on its current round of facility upgrades.  I am not the one putting that story out there.  Talk to your friend J-Mart.

"After Wednesday, that can't be the case -- especially with progress on a $70 million expansion of athletic facilities stalled. Under Weiser, there was a multimillion-dollar reserve and a yearly budget in the black. According to sources, the reserve is exhausted and the budget is in the red."

We can fight numbers all we want.  But the best you can come up with is the fact that kuAC won't pickup an unexpected bill for tickets it does not want to sell to faculty to begin with.  Meanwhile you guys have a stalled facilities project, by many reports you have an AD budget in the red, you are playing 2 FCS teams in one year and are playing a road game at a Sun Belt team's stadium.

I don't for one second think ku has a rich AD.  ku does have a stable and well run AD which is something KSU has not had for quite a while.  ku has a stable source of income in the basketball program while KSU does not have a stable source of income at the moment.  These are big differences and they are the reasons ku is putting up buildings while KSU is still sitting with drawings and undefined time lines for construction.
Bueller? Bueller?  pwned 8-)
Title: Re: Dear Dax
Post by: KSUTOMMY on May 22, 2009, 07:07:25 AM
The rebuttals to the facts that Dax is laying out are as weak as a 8 yr old boy. Bring some educated $h!t or some good quality smack, or GTFO.

LOL.  What facts?  Just the fact that ku this October will finish $100 million in construction in just the last two years, has a football program that is projected to win the Big 12 North and a basketball program that is projected by most to win its second National Championship in three years.  

The KSU "rebuttal" is eying a big fat fiscal crapburger to somehow gag down to go with its mediocre basketball and comically horrific football program.

I don't know however Dax or the other sand divers choose to measure athletic department success vis-a-vis ku, but they can have it.

 :love:

I LMAO at ANYONE who uses preseason polls as a benchmark for smack talking. Please drag out the tired 4MOD (4 Months of Dominance) or the Big 12 Ch that you all backed into last year, but please leave the preseason crap out. Dont be a dumbass.  :nono:
Title: Re: Dear Dax
Post by: sonofdaxjones on May 22, 2009, 08:38:27 AM
BigJ . . . I don't care what you think you know, you don't know $hit. 

First off I am very familiar with how the state handles bonds, I am very familiar with the yield on those bonds etc. etc.  I don't know if the KDFA has done the bond sale for K-State or not.   I fully understand how debt is used . . . but debt is debt, and ku athletics has a lot of it right now, no matter how you cut it.   At some point in the future, if not already, K-State athletics will have a lot more debt.  If K-State hasn't already issued the bonds, they may have to wait.  But as of right now the first segment of the Bramlage/BSFS Stadium improvements for $45 million dollars are listed on the most current Board of Regents Capital Improvement project spreadsheets that were just released a few days ago for current and future Fiscal Years.

and . . .  I never said ku athletics is in any financial difficulty.

Your comments that K-State athletics doesn't have a "steady revenue stream" are complete horse$hit, and the fact that you keep posting over in tardville that unless Snyder pulls nothing short of a miracle out that K-State athletics is going to fall off the financial cliff is nonsense.   Plus  I absolutely LOL that you keep using the Equity in Athletics numbers as the be all and end all to gauge the financial health of collegiate athletic departments.   What is going on right now is a dip in the road that K-State athletics is fully capable of recovering from with the proper management.   As I said earlier, I know people that work in the athletic department at K-State, and just as I said they were all floored when Krause tried to tell them they were running a budget deficit, because they all saw the STEADY STREAM of revenue (despite your conspiracy on season ticket sales . . . here's a little help, K-State still averaged 45,000 a game for football and walk up tickets on a per game basis are more expensive than season tickets when you average it on per game basis.  K-State had not 1, but 2 premium home games last year, plus the expensive club seats were all SOLD OUT and the suites are all sold out, see, steady stream of revenues . . . and single game basketball ticket prices DOUBLED last year, and K-State had thousands of "walkup"/single game ticket sales during the conference season), and they knew all the athletic teams were running right in line with their respective budgets. 
Title: Re: Dear Dax
Post by: KSUTOMMY on May 22, 2009, 08:43:32 AM
 :users:
Title: Re: Dear Dax
Post by: DrJamesANaismith on May 22, 2009, 08:48:59 AM
Daxitive, are you responding to a phog.net thread here? Your inferiority complex knows no bounds if true.
Title: Re: Dear Dax
Post by: sonofdaxjones on May 22, 2009, 09:02:32 AM
Daxitive, are you responding to a phog.net thread here? Your inferiority complex knows no bounds if true.

LOL . . . because I've read BigJ's body of work on tardville, and did he not just post in this thread on this board, and I know how the tards work, they come over here for a little "drive by" and then run back and daisy chain each other in tardville where the board nazi protects his little flock and where I can't post.

But it's laughable once again to see a ku fan, that obsesses over K-State at every moment, and persistently lurks on all K-State message boards talk about an "inferiority complex".   

Cue DocSTALKsmith and his spiel of excuses . . . 3 . . . 2 . . . 1 . .

Title: Re: Dear Dax
Post by: fatty fat fat on May 22, 2009, 09:23:02 AM
kick their asses, dax.
Title: Re: Dear Dax
Post by: Bookcat on May 22, 2009, 10:19:08 AM
Daxitive, are you responding to a phog.net thread here? Your inferiority complex knows no bounds if true.

are you posting about a ksufans poster on kstate board concerning a thread on phog.net? Your inferiority complex knows no bounds if true.
Title: Re: Dear Dax
Post by: sonofdaxjones on May 22, 2009, 12:14:07 PM
I haven't looked, but no doubt the StalkSmith is talking about his thread or me, or pm'ing BigJkutard about this over in tardville.

Title: Re: Dear Dax
Post by: steve dave on May 22, 2009, 12:17:47 PM
Tom Lite doesn't allow me to read posts on Phog but I bet Dax just kills it over there. 
Title: Re: Dear Dax
Post by: sonofdaxjones on May 22, 2009, 12:40:57 PM
Dax has a sock that will never post a thing over there, but does take a peak from time to time.

I now mostly just look and see what kind of highly speculative BS BigJkutard has rolled out.




Title: Re: Dear Dax
Post by: Blackhawk on May 22, 2009, 12:55:57 PM
Quote
FWIW I don't generally lurk here.  I had to re-register today because I was curious about the reaction to the Krause thing.  Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through.  Before today it had been some number of months since I had visited.

go f*ck yourself and your loser football program

You've got NOTHING!  And it shows!   :rofl:
Title: Re: Dear Dax
Post by: LimestoneOutcropping on May 22, 2009, 01:34:35 PM
Dax is like a puppet master and he has at least 4 ku posters chasing him around over here.  It is like watching a cat chase a light on a wall.  He pwns it.
Title: Re: Dear Dax
Post by: CrimsonBlue on May 22, 2009, 05:31:00 PM
BigJ . . . I don't care what you think you know, you don't know $hit. 

First off I am very familiar with how the state handles bonds, I am very familiar with the yield on those bonds etc. etc.  I don't know if the KDFA has done the bond sale for K-State or not.   I fully understand how debt is used . . . but debt is debt, and ku athletics has a lot of it right now, no matter how you cut it.   At some point in the future, if not already, K-State athletics will have a lot more debt.  If K-State hasn't already issued the bonds, they may have to wait.  But as of right now the first segment of the Bramlage/BSFS Stadium improvements for $45 million dollars are listed on the most current Board of Regents Capital Improvement project spreadsheets that were just released a few days ago for current and future Fiscal Years.

and . . .  I never said ku athletics is in any financial difficulty.

Your comments that K-State athletics doesn't have a "steady revenue stream" are complete horse$hit, and the fact that you keep posting over in tardville that unless Snyder pulls nothing short of a miracle out that K-State athletics is going to fall off the financial cliff is nonsense.   Plus  I absolutely LOL that you keep using the Equity in Athletics numbers as the be all and end all to gauge the financial health of collegiate athletic departments.   What is going on right now is a dip in the road that K-State athletics is fully capable of recovering from with the proper management.   As I said earlier, I know people that work in the athletic department at K-State, and just as I said they were all floored when Krause tried to tell them they were running a budget deficit, because they all saw the STEADY STREAM of revenue (despite your conspiracy on season ticket sales . . . here's a little help, K-State still averaged 45,000 a game for football and walk up tickets on a per game basis are more expensive than season tickets when you average it on per game basis.  K-State had not 1, but 2 premium home games last year, plus the expensive club seats were all SOLD OUT and the suites are all sold out, see, steady stream of revenues . . . and single game basketball ticket prices DOUBLED last year, and K-State had thousands of "walkup"/single game ticket sales during the conference season), and they knew all the athletic teams were running right in line with their respective budgets. 




ALL IS WELL!!!!

(http://i4.photobucket.com/albums/y150/MsDemmie/comical_ali.jpg)
Title: Re: Dear Dax
Post by: Brewcrew on May 22, 2009, 06:11:59 PM
Dax is like a puppet master and he has at least 4 ku posters chasing him around over here.  It is like watching a cat chase a light on a wall.  He pwns it.

nobody pwns like ron prince.  :love:
Title: Re: Dear Dax
Post by: sonofdaxjones on May 22, 2009, 07:05:42 PM
Never said all is well Bentard . . . not in the least.

Title: Re: Dear Dax
Post by: connwildcat on May 23, 2009, 06:57:30 PM
Dax is like a puppet master and he has at least 4 ku posters chasing him around over here.  It is like watching a cat chase a light on a wall.  He pwns it.

really? it looks like dax got ass&@#%ed in this thread by bigj. the guy is embarrassing.
Title: Re: Dear Dax
Post by: sonofdaxjones on May 23, 2009, 07:01:11 PM
Nice sock . . . Conn
Title: Re: Dear Dax
Post by: sonofdaxjones on May 23, 2009, 07:32:30 PM
BigJkutard and tardville is now trying to say it's 2001 at K-State like ku had their 2001, when they actually contemplated dropping football or going to C-USA.   BigJkutard also continues to try and tell tardville that K-State doesn't hardly get any contributions, and doesn't have any sort of reliable income stream.   Then BigJ tells tardville that if season ticket sales and such and the team doesn't win than revenue drops . . . revolutionary concept, wow, cutting edge thinking there . . . of course BigJkutard continues to paint a picture that any thing could happen to ku basketball and ku would continue to rake in money hand over fist off that program. 

An athletic program that has run a 5-8 millon dollar budget SURPLUS every year for the last 5 years will suddenly have to fold up shop because of one bad year??   BigJkutard continue to prattle on and on about K-State wanting to buyout games in football and how that takes cash . . . No $hit, but then again it always doesn't take cash, not if the other team can find a game.   Plus anybody here think that Bill Snyder can't go to a certain set of boosters and get cash if he needs it?? He's already brought in hundreds of thousands of dollars since he came back to help pay for higher coaching salaries. 

Bigjkutard continues to rattle on and on how the facilities project has "stalled" . . . well BigJkutard must have some sort of super secret inside source, because as of right now there hasn't been any announcements on any delays, and the timeline has always been to start it in the fall of 2009.  (note to tardville . . I am not saying that the project couldn't be stalled, but as of right now nothing of that sort has been announced).

As per usual Bigjkutard is over in tardville speculating.

Oh and if anyone in tardville is reading this . . . yes the KSU AD did try and get people who buy the club seats to lock in the next two seasons at current prices by paying in advance . . . that happens all the time with sports teams at all levels.   The Carolina Hurricanes are advertising a 2 year freeze on season ticket prices if people purchase them now.    Hmmm . . .  seems to me that Lew made some of those letters a couple of years ago to people about their seat location at AFH have a certain "retroactive' slant to them in terms of them needing to pay up.
Title: Re: Dear Dax
Post by: connwildcat on May 23, 2009, 09:15:08 PM
Nice sock . . . Conn
yup huge sock :users:
Title: Re: Dear Dax
Post by: CFBdude on May 23, 2009, 09:50:19 PM

 
Kansas St. officials have huge mess to clean up
 E-MAIL  PRINT COMMENTS 6  WATCH THIS TOPIC 
Posted: May 22, 2009
KANSAS CITY, Mo. (AP) -- Many Kansas State donors are so disgusted over the secret agreement to funnel more than $3 million to fired football coach Ron Prince they're closing their checkbooks and vowing, "No more."
When Jon Wefald revealed the shocking news to the state Board of Regents last week, the longtime Kansas State president actually teared up.

 
As shamed and humiliated as the Wildcats were in the late 1970s when NCAA sleuths caught them hiding 30 football players who weren't supposed to be on scholarship, this may be worse. Now they're reeling over what appears to be a secret sweetheart agreement that former athletic director and longtime Wefald sidekick Bob Krause entered into with Prince.

Discovered by accident this month by university lawyers, the agreement says the school must pay a limited liability company established by Prince $3.2 million starting in 2015. That would be in addition to the $1.2 million buyout he already received after being dismissed last November with a 17-20 record.

It'll be up to the courts to decide how much money, if any, is paid. But there's no doubt incoming president Kirk Schulz and incoming athletic director John Currie have a gigantic problem staring them in the face.

"K-Staters are very surprised and very sad," said Dan Lykins, a prominent Topeka attorney and Kansas State grad. "We're in a mess."

Wefald, who retires next month after 23 years, says he didn't know anything about the agreement until it was accidentally discovered. The university filed suit seeking to escape liability earlier this week, and Krause, who worked with Wefald for 30 years, resigned that day from the position he'd held after stepping down earlier as athletic director.

On Thursday, the university reserved with the state revenue department a company name almost identical to the one Prince used in setting up the company that's supposed to get the money, no doubt a legal maneuver meant to aid their lawsuit.

Prince is now an assistant coach at Virginia and sent word again Friday that he had no comment.

Currie, who was introduced Monday as Kansas State's new AD, did not fly blindly into the storm.

"I was made aware of the situation during the process," he told The Associated Press on Friday. "Beyond that, I can't comment on any pending legal matter."

Currie also sent an e-mail Friday to every athletic department staff member.

"I told them to stay positive. We can't do anything about what happened before," he said. "All we can do is focus on moving forward."

The campus in Manhattan, Kan., is abuzz with speculation over who else might be involved. And why would Krause go behind the back of his boss and longtime friend to funnel more than $3 million to Prince? Was he going to benefit somehow?

Few men are closer than Krause to what Lykins refers to as the Kansas State family. His father-in-law, Jack Vanier, is a huge benefactor and one of the richest men in the state.

"Why in the world would Bob do this?" said Lykins. "It's not like he's a poor man. That's what I would like to ask Bob some day -- "Why in the world did you do this?"'

Prince's name is the only one that appears on the legal document establishing the limited liability company. As filed with the department of revenue, it states:

"The purpose for which the company is organized is to engage in the business of football coaching services and for all such other and further purposes as may be lawfully pursued and are authorized under the act."

As they go about repairing the damage, Currie and Schulz might actually be helped by having no past ties whatsoever to Kansas State.

"They're not bringing any laundry into the mix," said Lykins, a member of the nine-person Kansas Board of Regents. "I think they'll be able to get things worked out a lot quicker and a lot cleaner than somebody who had K-State ties. They both understand we need to make sure problems like this never, ever happen again."

Lykins said he's spoken with many fellow K-Staters who say their donations have stopped.

"But I also talk to K-Staters who tell me they will still give," he said.

People close to Wefald say he has been personally devastated by the actions of a friend and confidant.

"We all have people we trust," said Lykins. "Jon had complete trust in Bob Krause.

"He is very sad. He loves K-State almost as much as he loves his family. It's like somebody punched him in the stomach and he's having trouble breathing."

------

Title: Re: Dear Dax
Post by: delusionliveshere on May 24, 2009, 01:01:48 AM
WellBigJkuJrtard . . .

By all accounts the rank and file folks in the K-State athletic department were shocked when Krause told them last winter that the department was over $1 million in the hole.  Why??  Because revenue streams were hitting projections, no sport was exceeding their budget, giving was steady and strong, and Radio/TV revenue was exceeding projections. 

Now, tell me how great it is at ku, when then the ku associate athletic director says the budget is so tight that that athletic department can't afford to supplement faculty and staff tickets, because the ku academic administration can no longer afford to supplement faculty and staff tickets . . . the total dollars needed, about $450K.

Now BigJkujrTard . . . run on back over to phognet and act like you guys know everything.

Oh and by all reports . . . it's going to be a good while before that "Olympic Sports Complex" gets built at ku, because as ku tears that $hit AstroPlay turf and puts in FieldTurf (that K-State put in, in 2001) there is no intention to tear out the track anytime soon because they're going to need it.












FAIL!!  :lol:
Title: Re: Dear Dax
Post by: CrimsonBlue on May 24, 2009, 02:59:51 AM
BigJkutard and tardville is now trying to say it's 2001 at K-State like ku had their 2001, when they actually contemplated dropping football or going to C-USA.   BigJkutard also continues to try and tell tardville that K-State doesn't hardly get any contributions, and doesn't have any sort of reliable income stream.   Then BigJ tells tardville that if season ticket sales and such and the team doesn't win than revenue drops . . . revolutionary concept, wow, cutting edge thinking there . . . of course BigJkutard continues to paint a picture that any thing could happen to ku basketball and ku would continue to rake in money hand over fist off that program.  

An athletic program that has run a 5-8 millon dollar budget SURPLUS every year for the last 5 years will suddenly have to fold up shop because of one bad year??   BigJkutard continue to prattle on and on about K-State wanting to buyout games in football and how that takes cash . . . No $hit, but then again it always doesn't take cash, not if the other team can find a game.   Plus anybody here think that Bill Snyder can't go to a certain set of boosters and get cash if he needs it?? He's already brought in hundreds of thousands of dollars since he came back to help pay for higher coaching salaries.  

Bigjkutard continues to rattle on and on how the facilities project has "stalled" . . . well BigJkutard must have some sort of super secret inside source, because as of right now there hasn't been any announcements on any delays, and the timeline has always been to start it in the fall of 2009.  (note to tardville . . I am not saying that the project couldn't be stalled, but as of right now nothing of that sort has been announced).

As per usual Bigjkutard is over in tardville speculating.

Oh and if anyone in tardville is reading this . . . yes the KSU AD did try and get people who buy the club seats to lock in the next two seasons at current prices by paying in advance . . . that happens all the time with sports teams at all levels.   The Carolina Hurricanes are advertising a 2 year freeze on season ticket prices if people purchase them now.    Hmmm . . .  seems to me that Lew made some of those letters a couple of years ago to people about their seat location at AFH have a certain "retroactive' slant to them in terms of them needing to pay up.



ALL IS WELL!!!!

(http://i4.photobucket.com/albums/y150/MsDemmie/comical_ali.jpg)
Title: Re: Dear Dax
Post by: PowercatPat on May 24, 2009, 09:15:40 AM
What is the difference between the turf ku has now and the FieldTurf they will be getting?
Title: Re: Dear Dax
Post by: ksuequalspalin on May 24, 2009, 09:18:01 AM
不是你们日他妈的穷吧?
Title: Re: Dear Dax
Post by: PowercatPat on May 24, 2009, 09:28:32 AM
WellBigJkuJrtard . . .

By all accounts the rank and file folks in the K-State athletic department were shocked when Krause told them last winter that the department was over $1 million in the hole.  Why??  Because revenue streams were hitting projections, no sport was exceeding their budget, giving was steady and strong, and Radio/TV revenue was exceeding projections. 

Now, tell me how great it is at ku, when then the ku associate athletic director says the budget is so tight that that athletic department can't afford to supplement faculty and staff tickets, because the ku academic administration can no longer afford to supplement faculty and staff tickets . . . the total dollars needed, about $450K.

Now BigJkujrTard . . . run on back over to phognet and act like you guys know everything.

Oh and by all reports . . . it's going to be a good while before that "Olympic Sports Complex" gets built at ku, because as ku tears that $hit AstroPlay turf and puts in FieldTurf (that K-State put in, in 2001) there is no intention to tear out the track anytime soon because they're going to need it.












FAIL!!  :lol:

How?  :confused:
Title: Re: Dear Dax
Post by: sonofdaxjones on May 24, 2009, 09:32:52 AM
Deluge . . . so dumb . . . so very, very dumb.

I am not saying K-State athletics doesn't have a mess, I have never said K-State athletics doesn't have a mess on its hands. But I laugh at little at those folks who say, "no more" on donations.   Sounds like powertards . . . I suspect that many of those "no more" folks will eventually come around once they have a chance to get to know the new regime.

As of right now lots of coaching stability in the KSU athletic department . . . so that's a positive.  Based on some recent performances I'd say Lew may be on the hunt for some new coaches, and if Lew's previous hires at ku are any indication . . . well.   How do you only score 12.5 points in a conference championship track meet??

Pat . . . AstroPlay has a somewhat similar blade design to FieldTurf, but after that it's a lot different.  Astroplay was installed over padding like the old Astroturf.  Wherever they can FieldTurf is installed over layers of material and looks much the same underneath the surface as a grass field does, they then use rubber granules (nike grind or cryo grind)/silica sand infill to act as a ballast and also provide additional bounce.   The University of Illinois installed AstroPlay in their stadium when the Bears had to play there, and they used a teflon coated rubber padding that got extremely hot and the Bears were complaining about it.