Clams . . . they may have made a big debt payment, their FY 2011 Financial Report isn't out, also I could only breeze through K-State's Financial Report, so it's hard to tell exactly why K-State's took such a significant leap.
But it's not unusal for athletic departments to show (for lack of a better word) completely balanced books, with expenses matching revenues. That happens pretty much every year at Baylor for example, but all of their fund raising etc. goes on another set of books for the booster club or foundation or something like that. Which is why I've been saying for years that you can't use these reports and just make blanket statements about the financial status of athletic programs.
I would note that this is the first time in memory that ku has not shown a net revenue number on their report, but, they may have changed their acconting practices, just like K-State may have changed theirs.
