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Kansas State athletic director John Currie vowed Friday not to use any money from fans or donors to foot the bill for the Wildcats’ recent buyouts.
Currie, who unveiled his “K-State Pledge” — a list of five goals explaining his vision for the department — said the buyouts would be financed through K-State’s allocated funds from the Big 12 and the NCAA, a revenue-sharing sum that is about $9 million a year.
Those funds — and not money from ticket sales or donations — would be used for expenses like former football coach Ron Prince’s $3.2 million “secret” deal and the remaining $900,000 on senior administrator Jim Epps’ contract.
“No monies received directly from fans or donors will be used on expenses related to buyouts of previous contracts,” Currie said in a statement.
Currie also announced that there would be a news conference Monday in which ticket initiatives and other plans will be divulged.
In addition, there will be a “Town Hall Meeting” teleconference call July 21 for donors, ticket holders and fans.
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