It was a contract between Prince and K-State's Intercollegiate Athletic Corporation, not the school. With former athletic director Bob Krause, who was president and CEO of the IAC, signing the contract, it did not need Wefald's approval.
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If Prince's stance is the the IAC has to pay him, could the IAC just empty the bank account, like say by investing in Bob Krause, LLC, who would then use the $ to donate to KSU facilities (BB practice facility, limestone wall, Towers of Tim, etc) and then the IAC could file for Chapter 11?