Author Topic: Worst $12 million ever spent?  (Read 1723 times)

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Offline Dugout DickStone

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Worst $12 million ever spent?
« on: March 27, 2010, 11:25:44 AM »
Lew = $4million
Seff = $3 million
Mangino = $2 million plus $3 million buyout.

And the best they got was a humiliating loss to UNI in the Sweet 16 to go with a total embarassment for men's FB?


Lollers

KU athletic director earned $4 million in pay last year, likely tops in nation
By MICHAEL MANSUR and BLAIR KERKHOFF
The Kansas City Star

Roy Inman photograph©
Perkins Breaking News
Kansas Democratic plan has income tax hike Fire causes $200,000 in damage to building Man found dead of multiple gunshots Tight security planned in Aggieville for Kansas St. game Greinke 'terrific' as Royals beat Dodgers 8-4 Wyandotte County jury convicts man of murder Two men charged with murder in Kansas City, Kan. NBC Action Weather | Rain Saturday, high 49 KC man accused of raping woman Chop shop uncovered in KC, authorities say One dead in blast at Kansas farm equipment site Eminent domain changes for Missouri unlikely to be filed California professor faces molestation charges in Missouri Missouri man sentenced in dogfighting conspiracy Bannister Road reopens after gas line break Late-term abortions dropped in 2009 in Kansas Raytown man charged with fatal shooting of wife Convicted rapist to serve life sentence in 1999 Christmas Eve attack NBC in town next week to recruit for new reality show Kansas City market ranks No. 3 in NCAA TV ratings Lew Perkins, the University of Kansas athletic director, was the state’s highest-paid employee in 2007 at $646,281.

But that’s a paltry sum compared with what Perkins received in 2009 — $4.4 million.

Perkins’ pay is the equivalent of $85,000 a week — about 10 KU students’ average yearly tuition payments. What’s more, $4.4 million appears to place Perkins far beyond that of any athletic director in the nation.

“It’s utterly outrageous,” said Andrew Zimbalist, a sports economist at Smith College in Massachusetts. “I can’t believe he’s worth that kind of compensation in the marketplace. It strikes me as a hideous compensation level.”

On Friday, Perkins made no apology for his compensation.

“It is what it is,” he said. “It was all based on when I got hired, negotiated from day one. … It was all part of the deal of me leaving Connecticut to come here.”

Perkins, who has seen the athletic budget double to $55 million since 2003, also pointed to Kansas’ success.

“Hopefully, people will accept that we’re working hard to try to keep Kansas competitive in one of the most, if not the most, competitive conferences in the country,” he said.

A university spokeswoman also defended Perkins’ 2009 compensation, saying it was inflated that year because of a special retention bonus negotiated earlier. This year his pay will revert to about $900,000, said KU spokeswoman Lynn Bretz.

That would still put Perkins near the top pay of other athletic directors.

“During Perkins’ now almost seven years, Kansas Athletics has seen unparalleled fundraising, an unparalleled period of renovation and construction of facilities, a national basketball championship, back-to-back bowl victories, nationally competitive student-athletes both on the field or court and in the classroom, and improved student-athlete graduation rates,” Bretz said.

“All of these are measures of success by any standard.”

The Kansas City Star discovered Perkins’ compensation this week while analyzing salary data for about 150,000 Kansas and Missouri public employees. The Kansas Department of Administration, which handles payroll for state employees, provided the salary information to the newspaper in response to an open-records request.

Just $194,000 of Perkins’ $4,485,274.66 income in 2009 came from “state funds,” paid by taxpayers. Bretz said the bulk of it came from Kansas Athletics Inc., a nonprofit organization that promotes Kansas athletics. Most of its employees are not on university payrolls.

Jim Marchiony, associate athletic director at Kansas Athletics, said the more than $4 million required for Perkins’ compensation package in 2009 came from general Kansas Athletics revenue, including supporters’ donations, conference revenue, student fees and other sources. No specific fundraising effort was used to raise money for Perkins’ bonuses, he said.

When he was KU’s chancellor, Robert Hemenway negotiated Perkins’ contracts, Bretz said. Hemenway wanted to keep the athletic director as a state employee, with his compensation publicly disclosed through the state system, as a way for the university to maintain control over the athletic department. It also was more transparent, Bretz said.

Hemenway could not be reached for comment on Friday.

In an interview last year with Bloomberg News, Hemenway said he conducted salary comparisons and reviewed non-salary arrangements at other schools, spoke with Big 12 commissioners and drew on his own experiences on various college athletics committees. He concluded, he said, that Perkins needed to be paid at or near the top of all athletic directors in the U.S.



Read more: http://www.kansascity.com/2010/03/26/1839480/ku-athletic-director-earned-4.html#ixzz0jOWkBedD


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Offline canadian_breeze

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Re: Worst $12 million ever spent?
« Reply #1 on: March 27, 2010, 11:27:19 AM »
who gives a f*ck

Offline 'taterblast

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Re: Worst $12 million ever spent?
« Reply #2 on: March 27, 2010, 11:27:33 AM »
what a crap university

Offline Pexikan

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Re: Worst $12 million ever spent?
« Reply #3 on: March 27, 2010, 11:35:11 AM »
What do our numbers look like? Currys salery+ Franks new contract+ Bills contract+ Princes buyout and secret Krause deal. Granted we have outpreformed KU in regards to what we have to show for the $ spent, that still has to be a big number. :dunno:

Offline Cire

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Re: Worst $12 million ever spent?
« Reply #4 on: March 27, 2010, 11:39:41 AM »
LMAO!

Offline Dugout DickStone

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Re: Worst $12 million ever spent?
« Reply #5 on: March 27, 2010, 12:10:43 PM »
What do our numbers look like? Currys salery+ Franks new contract+ Bills contract+ Princes buyout and secret Krause deal. Granted we have outpreformed KU in regards to what we have to show for the $ spent, that still has to be a big number. :dunno:

Check the link.  Currie makes $350k and Frank only made $750.  I would count the buyout of Prince against last year, but even then we are less than half.

Offline Pexikan

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Re: Worst $12 million ever spent?
« Reply #6 on: March 27, 2010, 12:27:25 PM »
Playing devils advocate. That's all. Thanks.

Offline Dugout DickStone

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Re: Worst $12 million ever spent?
« Reply #7 on: March 27, 2010, 12:32:27 PM »
Playing devils advocate. That's all. Thanks.

Well we don't need that kind of crap around here today.  Drink the kool aid please or I will poster intimidate you with all my might.   :chainsaw:

Offline Pexikan

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Re: Worst $12 million ever spent?
« Reply #8 on: March 27, 2010, 12:34:47 PM »
Its drank. crap...:facepalm:

Offline Dugout DickStone

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Re: Worst $12 million ever spent?
« Reply #9 on: March 27, 2010, 12:37:47 PM »
Its drank. crap...:facepalm:

Now give me a fistpump. 


c'mon.....do it.

Offline Pexikan

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Re: Worst $12 million ever spent?
« Reply #10 on: March 27, 2010, 12:47:05 PM »

Offline massofcatfan

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Re: Worst $12 million ever spent?
« Reply #11 on: March 27, 2010, 01:20:54 PM »
 :thumbsup:
I want to wake up in a city that never sleeps, etc.

Offline PowercatPat

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Re: Worst $12 million ever spent?
« Reply #12 on: March 27, 2010, 01:26:51 PM »
Lew = $4million
Seff = $3 million
Mangino = $2 million plus $3 million buyout.

And the best they got was a humiliating loss to UNI in the Sweet 16 to go with a total embarassment for men's FB?


Lollers

KU athletic director earned $4 million in pay last year, likely tops in nation
By MICHAEL MANSUR and BLAIR KERKHOFF
The Kansas City Star

Roy Inman photograph©
Perkins Breaking News
Kansas Democratic plan has income tax hike Fire causes $200,000 in damage to building Man found dead of multiple gunshots Tight security planned in Aggieville for Kansas St. game Greinke 'terrific' as Royals beat Dodgers 8-4 Wyandotte County jury convicts man of murder Two men charged with murder in Kansas City, Kan. NBC Action Weather | Rain Saturday, high 49 KC man accused of raping woman Chop shop uncovered in KC, authorities say One dead in blast at Kansas farm equipment site Eminent domain changes for Missouri unlikely to be filed California professor faces molestation charges in Missouri Missouri man sentenced in dogfighting conspiracy Bannister Road reopens after gas line break Late-term abortions dropped in 2009 in Kansas Raytown man charged with fatal shooting of wife Convicted rapist to serve life sentence in 1999 Christmas Eve attack NBC in town next week to recruit for new reality show Kansas City market ranks No. 3 in NCAA TV ratings Lew Perkins, the University of Kansas athletic director, was the state’s highest-paid employee in 2007 at $646,281.

But that’s a paltry sum compared with what Perkins received in 2009 — $4.4 million.

Perkins’ pay is the equivalent of $85,000 a week — about 10 KU students’ average yearly tuition payments. What’s more, $4.4 million appears to place Perkins far beyond that of any athletic director in the nation.

“It’s utterly outrageous,” said Andrew Zimbalist, a sports economist at Smith College in Massachusetts. “I can’t believe he’s worth that kind of compensation in the marketplace. It strikes me as a hideous compensation level.”

On Friday, Perkins made no apology for his compensation.

“It is what it is,” he said. “It was all based on when I got hired, negotiated from day one. … It was all part of the deal of me leaving Connecticut to come here.”

Perkins, who has seen the athletic budget double to $55 million since 2003, also pointed to Kansas’ success.

“Hopefully, people will accept that we’re working hard to try to keep Kansas competitive in one of the most, if not the most, competitive conferences in the country,” he said.

A university spokeswoman also defended Perkins’ 2009 compensation, saying it was inflated that year because of a special retention bonus negotiated earlier. This year his pay will revert to about $900,000, said KU spokeswoman Lynn Bretz.

That would still put Perkins near the top pay of other athletic directors.

“During Perkins’ now almost seven years, Kansas Athletics has seen unparalleled fundraising, an unparalleled period of renovation and construction of facilities, a national basketball championship, back-to-back bowl victories, nationally competitive student-athletes both on the field or court and in the classroom, and improved student-athlete graduation rates,” Bretz said.

“All of these are measures of success by any standard.”

The Kansas City Star discovered Perkins’ compensation this week while analyzing salary data for about 150,000 Kansas and Missouri public employees. The Kansas Department of Administration, which handles payroll for state employees, provided the salary information to the newspaper in response to an open-records request.

Just $194,000 of Perkins’ $4,485,274.66 income in 2009 came from “state funds,” paid by taxpayers. Bretz said the bulk of it came from Kansas Athletics Inc., a nonprofit organization that promotes Kansas athletics. Most of its employees are not on university payrolls.

Jim Marchiony, associate athletic director at Kansas Athletics, said the more than $4 million required for Perkins’ compensation package in 2009 came from general Kansas Athletics revenue, including supporters’ donations, conference revenue, student fees and other sources. No specific fundraising effort was used to raise money for Perkins’ bonuses, he said.

When he was KU’s chancellor, Robert Hemenway negotiated Perkins’ contracts, Bretz said. Hemenway wanted to keep the athletic director as a state employee, with his compensation publicly disclosed through the state system, as a way for the university to maintain control over the athletic department. It also was more transparent, Bretz said.

Hemenway could not be reached for comment on Friday.

In an interview last year with Bloomberg News, Hemenway said he conducted salary comparisons and reviewed non-salary arrangements at other schools, spoke with Big 12 commissioners and drew on his own experiences on various college athletics committees. He concluded, he said, that Perkins needed to be paid at or near the top of all athletic directors in the U.S.



Read more: http://www.kansascity.com/2010/03/26/1839480/ku-athletic-director-earned-4.html#ixzz0jOWkBedD


KU lost to UNI in the 2nd round.

Offline Dugout DickStone

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Re: Worst $12 million ever spent?
« Reply #13 on: March 27, 2010, 01:29:20 PM »
Lew = $4million
Seff = $3 million
Mangino = $2 million plus $3 million buyout.

And the best they got was a humiliating loss to UNI in the Sweet 16 to go with a total embarassment for men's FB?


Lollers

KU athletic director earned $4 million in pay last year, likely tops in nation
By MICHAEL MANSUR and BLAIR KERKHOFF
The Kansas City Star

Roy Inman photograph©
Perkins Breaking News
Kansas Democratic plan has income tax hike Fire causes $200,000 in damage to building Man found dead of multiple gunshots Tight security planned in Aggieville for Kansas St. game Greinke 'terrific' as Royals beat Dodgers 8-4 Wyandotte County jury convicts man of murder Two men charged with murder in Kansas City, Kan. NBC Action Weather | Rain Saturday, high 49 KC man accused of raping woman Chop shop uncovered in KC, authorities say One dead in blast at Kansas farm equipment site Eminent domain changes for Missouri unlikely to be filed California professor faces molestation charges in Missouri Missouri man sentenced in dogfighting conspiracy Bannister Road reopens after gas line break Late-term abortions dropped in 2009 in Kansas Raytown man charged with fatal shooting of wife Convicted rapist to serve life sentence in 1999 Christmas Eve attack NBC in town next week to recruit for new reality show Kansas City market ranks No. 3 in NCAA TV ratings Lew Perkins, the University of Kansas athletic director, was the state’s highest-paid employee in 2007 at $646,281.

But that’s a paltry sum compared with what Perkins received in 2009 — $4.4 million.

Perkins’ pay is the equivalent of $85,000 a week — about 10 KU students’ average yearly tuition payments. What’s more, $4.4 million appears to place Perkins far beyond that of any athletic director in the nation.

“It’s utterly outrageous,” said Andrew Zimbalist, a sports economist at Smith College in Massachusetts. “I can’t believe he’s worth that kind of compensation in the marketplace. It strikes me as a hideous compensation level.”

On Friday, Perkins made no apology for his compensation.

“It is what it is,” he said. “It was all based on when I got hired, negotiated from day one. … It was all part of the deal of me leaving Connecticut to come here.”

Perkins, who has seen the athletic budget double to $55 million since 2003, also pointed to Kansas’ success.

“Hopefully, people will accept that we’re working hard to try to keep Kansas competitive in one of the most, if not the most, competitive conferences in the country,” he said.

A university spokeswoman also defended Perkins’ 2009 compensation, saying it was inflated that year because of a special retention bonus negotiated earlier. This year his pay will revert to about $900,000, said KU spokeswoman Lynn Bretz.

That would still put Perkins near the top pay of other athletic directors.

“During Perkins’ now almost seven years, Kansas Athletics has seen unparalleled fundraising, an unparalleled period of renovation and construction of facilities, a national basketball championship, back-to-back bowl victories, nationally competitive student-athletes both on the field or court and in the classroom, and improved student-athlete graduation rates,” Bretz said.

“All of these are measures of success by any standard.”

The Kansas City Star discovered Perkins’ compensation this week while analyzing salary data for about 150,000 Kansas and Missouri public employees. The Kansas Department of Administration, which handles payroll for state employees, provided the salary information to the newspaper in response to an open-records request.

Just $194,000 of Perkins’ $4,485,274.66 income in 2009 came from “state funds,” paid by taxpayers. Bretz said the bulk of it came from Kansas Athletics Inc., a nonprofit organization that promotes Kansas athletics. Most of its employees are not on university payrolls.

Jim Marchiony, associate athletic director at Kansas Athletics, said the more than $4 million required for Perkins’ compensation package in 2009 came from general Kansas Athletics revenue, including supporters’ donations, conference revenue, student fees and other sources. No specific fundraising effort was used to raise money for Perkins’ bonuses, he said.

When he was KU’s chancellor, Robert Hemenway negotiated Perkins’ contracts, Bretz said. Hemenway wanted to keep the athletic director as a state employee, with his compensation publicly disclosed through the state system, as a way for the university to maintain control over the athletic department. It also was more transparent, Bretz said.

Hemenway could not be reached for comment on Friday.

In an interview last year with Bloomberg News, Hemenway said he conducted salary comparisons and reviewed non-salary arrangements at other schools, spoke with Big 12 commissioners and drew on his own experiences on various college athletics committees. He concluded, he said, that Perkins needed to be paid at or near the top of all athletic directors in the U.S.



Read more: http://www.kansascity.com/2010/03/26/1839480/ku-athletic-director-earned-4.html#ixzz0jOWkBedD


KU lost to UNI in the 2nd round.

oops, that's what I meant.   :surprised: