Kansas State athletic director Bob Krause resigned this morning. The university said Krause would become director of development for the K-State Olathe Innovation Campus effective March 31.
Krause, who spent 21 years as vice president for institutional advancement, was athletic director for 11 months.
In a statement released by KSU sports information, Krause said, “For almost a year now, I have worked with the athletics department since this has been a high priority for the university as it makes a transition of leadership in the president’s office. I believe the department is in very good shape.”
Associate athletic director Jim Epps will be interim AD from March 31 until a new university president hires a new AD.
Krause, 63, who was vice president for institutional advancement for 21 years, took over as athletic director in February 2008 after the resignation of Tim Weiser, who left to become deputy commissioner of the Big 12 Conference.
Last week, details of a consulting agreement between K-State and Weiser were released. Weiser will receive $1.9 million from K-State over five years and may return in a teaching role to the university anytime past 2014.
Krause’s most notable act as athletic director was offering a contract extension and larger buyout for football coach Ron Prince, who was fired four months later. The larger buyout cost K-State $900,000.Krause is paid $295,000 annually, which includes a $75,000 bonus for each year of service completed.