Archive for Sunday, March 28, 2010

Report: Perkins got $4.4M in 2009

Kansas athletic director Lew Perkins chews on a cigar after the KU men’s basketball team beat Texas in this file photo from March 3, 2007, at Allen Fieldhouse. Perkins abruptly retired on Tuesday, a year ahead of his announced retirement.

Kansas athletic director Lew Perkins chews on a cigar after the KU men’s basketball team beat Texas in this file photo from March 3, 2007, at Allen Fieldhouse. Perkins abruptly retired on Tuesday, a year ahead of his announced retirement.

March 28, 2010

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— The $4.4 million that Lew Perkins earned last year leading the sports program at Kansas University appeared to make him the highest paid athletic director in the nation, according to a published report.

Perkins’ salary is reported to be the equivalent of $85,000 a week. The Kansas Department of Administration, which handles payroll for state employees, provided the salary information in response to an open records request.

Perkins said that his compensation is all based on the deal he received to leave Connecticut and come to Kansas.

“Hopefully, people will accept that we’re working hard to try to keep Kansas competitive in one of the most, if not the most, competitive conferences in the country,” he said.

University spokeswoman Lynn Bretz also defended Perkins’ 2009 compensation, saying it was inflated that year because of a special retention bonus negotiated earlier.

This year, his pay will revert to about $900,000, which would still make Perkins one of the highest paid athletic directors.

In 2008, a national survey of athletic directors’ pay by Bloomberg News listed Perkins’ annual pay at $900,000, saying it ranked as the nation’s second highest, behind Jeremy Foley of the University of Florida.

“It’s utterly outrageous,” said Andrew Zimbalist, a sports economist at Smith College in Massachusetts. “I can’t believe he’s worth that kind of compensation in the marketplace. It strikes me as a hideous compensation level.”

Only $194,000 of Perkins’ 2009 compensation came from taxpayers. Bretz said most of it came from Kansas Athletics Inc., a nonprofit organization that promotes Kansas athletics.

“During Perkins’ now almost seven years, Kansas Athletics has seen unparalleled fundraising, an unparalleled period of renovation and construction of facilities, a national basketball championship, back-to-back bowl victories, nationally competitive student-athletes both on the field or court and in the classroom, and improved student-athlete graduation rates,” Bretz said.

“All of these are measures of success by any standard.”

Comments

Robert Rauktis 5 years, 4 months ago

"Kansas Athletics has seen unparalleled fundraising"

I can see why.

Richard Heckler 5 years, 4 months ago

And Lawrence,Kansas has fewer tax dollars in our cookie jars as a result of Lew Perkins fund raising. Perkins thinks home game revenues should be donated to Kansas City,Missouri.

Lew Perkins has never coached a winning team in the seven years he has been on campus.

This is a perfect example of people with too much money who spend reckless. Egos are big deals.

Why would fiscally responsible decision makers BUY an athletic director? Obviously no other campus was interested in this man..... why KU?

It's why KU over compensates its' coaching staff. They want the nation to know they have big bucks to spend recklessly to attract the "best" coaches....hmmmmmmmm.

Dumb economics! aka inflationary spending!

Steve Jacob 5 years, 4 months ago

Williams Fund donors, between this and the ticket mess, are you still going to give your hard earned money away like you have before?

grammaddy 5 years, 4 months ago

"...hideous compensation level." Aint that the truth.And in this economy. Drop the suit against JoeCollege.com, Lew

newmedia 5 years, 4 months ago

And just when I thought capitalism was dead my faith has been restored. Light one for me Lew!

smercer 5 years, 4 months ago

But what have Lew's salary and fundraising bought the university? Lew is ranked #72 in the Director's Cup (an annual ranking of athletic programs by the national association of collegiate athletic directors) in 08/09. The only big 12 school with a lower ranking is KSU. The annual rankings are here: http://www.nacda.com/directorscup/nacda-directorscup-previous-scoring.html

Robert Rauktis 5 years, 4 months ago

You guys miss the point. Cigars are expensive!

OutlawJHawk 5 years, 4 months ago

Assuming Lew works 365 days a year, he is making over $12,000 a day. See Mom, my KU degree is paying off by allowing me to figure the Athletic Director's daily salary. I am sickened that my annual economic value is worth just a few days of Lew's "work". Is anyone really worth that much pay?

oldvet 5 years, 4 months ago

Good for you, Lew... you deserve it. The air is very thin at the levels he performs and the wonderful thing about this is that anyone can achieve this same success with a lot of hard work. It's lonely at the top, but you eat better!

MIke Mallory 5 years, 4 months ago

he is worth every penny and more. just the tax revenue alone he brings to Lawrence is amazing. you people never look at the big picture. If you want to play in the big leagues, you need to pay up. keep it going Lew. ROCK CHALK JAYHAWK

gram77 5 years, 4 months ago

Lew is a crooked SOB!! No one deserves that kind of salary. Let's just keep raising tuition for these students and keep paying Lew and the coaches these glorified salaries, pretty soon nobody will be able to afford to go to college. It's almost unaffordable now. This is just not right. Time to go LEW!!!!!!!!!!!!!!! You even look crooked.......

RoeDapple 5 years, 4 months ago

"Lew Perkins has never coached a winning team in the seven years he has been on campus"

Uh, merrill. He's the Athletic Director, not a coach.

tomatogrower 5 years, 4 months ago

lawrenceguy40 (anonymous) says… Anyone of you whingers could do the same. But you don't want to get off the futon and work!

Not those of us who believe in honest work and feel a responsibility to our community.

Mixolydian 5 years, 4 months ago

"Only $194,000 of Perkins’ 2009 compensation came from taxpayers."

All the rest is private money, which I don't care about. I don't tell other private citizens what they can spend their money on.

$194,000 has been a heck of a bargain for Kansas Taxpayers, considering what he's brought in and to the University.

loverofdogs 5 years, 4 months ago

It isn't Lew's fault. It is the group of people who decide what the contract says he should get paid. Those are the people who should be held accountable as to whether or not we have the best programs in the Nation. Someone needs to ask those folks the tough questions about their justification of a salary like that and maybe the chancellor should get courage enough to begin asking the the tough questions instead of being just a yes person?

deskboy04 5 years, 4 months ago

He seems like a good guy. He has good coaches and good programs.

David Roberts 5 years, 4 months ago

smercer (anonymous) says…

But what have Lew's salary and fundraising bought the university? Lew is ranked #72 in the Director's Cup (an annual ranking of athletic programs by the national association of collegiate athletic directors) in 08/09. The only big 12 school with a lower ranking is KSU. The annual rankings are here: http://www.nacda.com/directorscup/nac...

Let's be careful about looking at rankings like the Director's Cup to judge the overall impact of our athletics program. How many Men's volleyball programs are there (3 schools received points)? Yet the #1 ranking in Men's Volleyball gets the same allocation of points as a #1 ranking in Men's basketball. This ranking system seems to be a way to honor the breadth of athletic offerings as much as the success of the teams in the program. By the way, KU is ranked 72 for 2008-2009, right between Yale and Harvard. For some national rankings, that would be pretty good company. :)

just_another_bozo_on_this_bus 5 years, 4 months ago

I'm sure it's a difficult and high pressure job, and he deserves to be well compensated. But $4.4 is simply ridiculous. What's worse is that it's pretty small potatoes in an economic system rife with ridiculous levels of compensation. (Especially when contrasted with the even more ridiculous levels at the lowest end of the scale.)

It's time to reinstate the 90% income tax bracket for those making way more money than any single person could possibly be worth.

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