|Lawyers say K-State insisted on buyout memorandum|
|Written by Admin|
|Monday, 10 August 2009 12:27|
The school filed suit in May challenging a deal between Prince and former athletic director Bob Krause that would pay Prince $3.2 million in deferred compensation from 2015-20.
Prince was fired last November, three months after signing the new, five-year contract that paid him $1.1 million a year. Prince was to be paid $1.2 million plus a $150,000 prorated longevity bonus if he were fired without cause.
In documents filed Monday, Prince's attorneys say the university agreed to guarantee the $1.2 million buyout and the school's Intercollegiate Athletic Council agreed to fund the remainder of his contract.