TOPEKA — Former Kansas State athletic director Bob Krause describes last-minute efforts to nullify a buyout agreement with football coach Ron Prince.
The Topeka Capital-Journal reports that transcripts from Krause's deposition show frantic attempts to invalidate a $3.2 million "secret agreement" with coach Ron Prince last year.
One of the approaches included Krause offering to take out a life insurance policy on himself and naming Prince as the beneficiary.
Prince was fired with three games left of the 2008 season. Under a "memorandum of understanding" Krause devised while serving as athletic director before the season began, Prince is to receive $3.2 million in deferred payments, starting in 2015.
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The university has filed a lawsuit seeking to nullify the deal.