Perkins In Panic Mode

[steve dave]

"It just says the economy sucks out there," says athletics director Lew Perkins of Kansas, where expenses outpaced revenue for the first time since 1988, according to the department. Athletic departments are "spending what they have to. What's happened is the revenues, because of the economy, are going one way and our expenditures — travel, all those kinds of things — are going up and up and up. Tuition goes up. You have no control over it."

But Perkins acknowledges having control over what KU pays coaches, and its highest-paid by far is men's basketball's Bill Self. In 2007, Self was guaranteed $1.6 million. That season, the Jayhawks were a No. 1 seed in the NCAA tournament and advanced to the round of eight. In 2008, they won the national title as Self's alma mater — rival Oklahoma State — was looking for a new coach. He spurned Oklahoma State, and KU responded with a new deal that this season guarantees him nearly $3.4 million.

"We felt like after a national championship ... we wanted to put him in the top five or 10 highest-paid coaches," Perkins says, "and that's about where he is right now."

Perkins says the budget crunch will ease. "We're not in a panic mode at all," Perkins adds. "We think we're going to be fine. Everybody, Ohio State and all these other schools, I think we just have to manage our dollars differently than we did before. ... But you can't stop the operation."

At Kansas, the men's basketball players took a few more trips by bus instead of plane this season. Michigan State cut overall expenses in 2009, and conference meetings across the nation this spring are expected to focus on ways to trim budgets. An NCAA panel is reviewing the recent proliferation in athletic department employees.

 

[mcmwcat]

"We're not in a panic mode at all,"

[steve dave]

"We're not in a panic mode at all,"

Oh, man, didn't even read that before posting.  rough ridin' crazy coincidence with the title of my thread being that!   

[06wildcat]

So will Ben finally admit the Gridiron Club is officially a decade or 5 coaches away now.

[mcmwcat]

"We're not in a panic mode at all,"

Oh, man, didn't even read that before posting.  rough ridin' crazy coincidence with the title of my thread being that!   

[bradleigh]

What happens when bball is your money maker. 

[CNS]

They are so fracked if Gill isn't the second coming.  Just wait until the next two seasons are less than stellar. 

Gonna be a hard convo getting bill to take a pay cut.

Maybe porn stars will have to start paying for high-dollar tix? 

[Dugout DickStone]

They are so fracked if Gill isn't the second coming.  Just wait until the next two seasons are less than stellar. 

Gonna be a hard convo getting bill to take a pay cut.

Maybe porn stars will have to start paying for high-dollar tix? 

Their football program didn't make crap even in the best season in history.

Live by the (fraud) sword, die by the (fraud) sword.

Is it still called "Kivisto"?

[Cire]

comparing ku to ohio state?  LMAO

[Dr Rick Daris]

comparing ku to ohio state?  LMAO

yeah. that was my favorite part too.

[ksu1420]

"The economy sucks, but I don't give a shazbot!!  I make 4.4 mil, bitch" says Lew Perkins

[Dugout DickStone]

comparing ku to ohio state?  LMAO

yeah. that was my favorite part too.

I think he meant "Iowa" and not "Ohio".   

[sonofdaxjones]

Where is this article at??

LOL though . . . all the BS from Ben and Tardville about how they virtually had a limitless supply of money over at ku.

[sonofdaxjones]

Meanwhile, emails going out to Williams "Education" Fund members telling them not to worry about the FBI investigation of the ku athletic department.

[pike]

Was waiting for Dax's input on this. LOL

[sonofdaxjones]

Found the article.

Looks like Lew picked a bad time to put the ku athletic department at nearly $50 million in debt.   They still owe a substantial amount on the 1998 stadium renovation, they borrowed another $32 million to renovate AFH, no interest loans for the football complex, and I don't know if they've ever fully paid back the WEF for the $4 million they the borrowed to build the weightroom at AFH. 

[steve dave]

http://www.usatoday.com/sports/college/mensbasketball/2010-04-01-coaches-salaries-cover_N.htm

[Dugout DickStone]

http://www.usatoday.com/sports/college/mensbasketball/2010-04-01-coaches-salaries-cover_N.htm

Lew really doesn't mention he paid himself $4mil while his poor student athletes are riding a bus and going without.  Cheers Lew, I wish you workd for KSU.   

[WillieWatanabe]

Karma is a bitch.

[Dugout DickStone]

The second that FBI subpoena hits Lew's desk, he will pull the ripcord on that Golden parachute and leave ku with about $6million....for the year.

[FHSU92]

Wazzzup with the timing of this 'panic'?  Ne1 else think this yrs budget was based on a f4 paycheck.   

[Dugout DickStone]

Wazzzup with the timing of this 'panic'?  Ne1 else think this yrs budget was based on a f4 paycheck.   

Self has only been to one his entire tenure at ku so I doubt it.  That's like betting on hard 6 every roll.

[deputy dawg]

Can't help but wonder how our finances are doing and the progress on the Ron "Mystery Payout" Prince debacle?

[steve dave]

Can't help but wonder how our finances are doing and the progress on the Ron "Mystery Payout" Prince debacle?

I'm sure they look awful.  Difference is we don't brag about ours being in good shape.

[pike]

Can't help but wonder how our finances are doing and the progress on the Ron "Mystery Payout" Prince debacle?

I'm sure they look awful.  Difference is we don't brag about ours being in good shape.

In really good shape according to bmw