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K-State Joins Growing List of Big 12 Teams to Turn Down Private Capital Line of Credit
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K-State Joins Growing List of Big 12 Teams to Turn Down Private Capital Line of Credit

Kansas State Wildcats On SI·Mark Kern·24 days ago
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In today's college football landscape, schools and conferences are looking for ways to maneuver to save and earn money to build a team capable of competing. Recently, the Big 12 offered all of the members in the conference a $30 million as part of a private capital deal with the league. This would give schools a much-needed boost to potentially help with everything going on in college sports. While this was seen as an opportunity to help the schools in the conference, K-State became the latest school in the Big 12 to turn down the deal. With that decision, there have now been 10 teams to turn down the deal, with there yet to be one school from the conference to take the deal. A reason why the schools may not be taking the deal is that there is an interest rate on the line of credit that is nearly 10 percent. With the decision, K-State joins Baylor, BYU, Cincinnati, Colorado, Houston, Iowa State, TCU, UCF, Utah, and West Virginia as the schools in the conference to turn down the offer.…

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