Lew Perkins ( Photo Courtesy of The Kansas City Star)
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TOPEKA, Kansas - (AP) -- Kansas athletic director Lew Perkins will get a $600,000 retention payment if he stays until his announced departure date of September 2011.
The Topeka Capital-Journal reported Saturday that Perkins is due $600,000 if he stays as Kansas' athletic director through June 30, 2011.
Perkins announced Thursday that he's retiring, effective Sept. 4, 2011. He made the announcement one day after he was cleared of accepting free use of gym equipment in exchange for favors and the same day the Big 12 began to break apart with Colorado's defection to the Pac-10.
Perkins would be due another $600,000 if he stayed through 2013.
The contract also says that if Perkins is fired before July 1, 2011, Kansas would owe him $300,000 for every year of service, beginning July 1, 2009.
Information from: The Topeka Capital-Journal, http://www.cjonline.com
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.