Ron Prince Deal May Cost Kansas State $3.2 Million

In a May 22 article in the Wichita Eagle, the paper reported that fomer Kansas State University football caoch Ron Prince may be paid an additional $3.2 million on top of a $1.2 million payment to terminate his 2008 contract early after a mediocre three-season record of 17 wins against 20 losses. The paper reported that an agreement between former atheltic director, Bob Krause, and Prince, now an assistant coach at the University of Virginia, would provide Prince an additinonal $3.2 million more in payments from 2015 to 2020.

However, the institution has filed suit to terminate the deal, claiming it was a “secret arrangement.” The paper reported that the agreement was not authorized by anyone else with authority at Kansas State University. According to interim athletics director Jim Epps, “This deal was apparently constructed as a further supplement to the buyout provision contained in Prince’s employment contract. I do not know why any additional supplement was justified, or why Bob Krause concealed this agreement from everyone until it was inadvertently discovered last week.”

Prince’s attorney, Neil Cornrinch, stated: “Coach Ron Prince entered into a legally binding contract with Kansas State University and the Intercollegiate Athletic Council of Kansas State University Inc.,”