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Thursday, April 30, 2009
The Buzz in Boone
None of the local high-fiving about the rehiring of Buzz Peterson as ASU's basketball coach has a peep about what was rumored on April 16 in the Charlotte Observer: "The source said Peterson had been strongly interested in the Appalachian position, but logistics of the move to Boone would be difficult for him, including disposing of his Charlotte-area home in a poor real estate market. Appalachian State is planning to return with a sweetened offer that might include help with disposing of Peterson's home."
That is, buying Peterson's home for $1 million plus? (Some are saying $1.5 mil; others, $1.2 mil.)
Apparently, with Big Banking executives fleeing the Queen City as fast as they can buy bus tickets, million-dollar mansions are just not that easy to unload. Except to regional universities with a Big Sports fetish.
Spokespeople for ASU have been quite vocal in claiming that Peterson's salary will actually be less than former coach Moore's, but that looks like a new species of buffalo dust, since none of this accounting has much to do with perks and "deal sweeteners" and house buyouts.
Ironically, on the same day that this news bubbled up, Chancellor Peacock was writing to retired faculty and staff, telling them that the annual luncheon honoring their years of faithful service has been canceled ... in the interest of budgetary prudence.
That is, buying Peterson's home for $1 million plus? (Some are saying $1.5 mil; others, $1.2 mil.)
Apparently, with Big Banking executives fleeing the Queen City as fast as they can buy bus tickets, million-dollar mansions are just not that easy to unload. Except to regional universities with a Big Sports fetish.
Spokespeople for ASU have been quite vocal in claiming that Peterson's salary will actually be less than former coach Moore's, but that looks like a new species of buffalo dust, since none of this accounting has much to do with perks and "deal sweeteners" and house buyouts.
Ironically, on the same day that this news bubbled up, Chancellor Peacock was writing to retired faculty and staff, telling them that the annual luncheon honoring their years of faithful service has been canceled ... in the interest of budgetary prudence.
Labels: Appalachian State University, Buzz Peterson, Ken Peacock
