Cash Flow Problem At NC State

FSU fans don't need to feel sorry for Chuck "The Chest". However, NC State fans may be feeling something else.

Water damage to N.C. State's athletic center early in the 2006 football season and the firing of Wolfpack coach Chuck Amato after the season proved to be costly.
Amato was fired after a 3-9 season with three years remaining on his contract. He was owed three years and one month in salary, plus a $720,000 annuity -- about $1.42 million.

Athletic Director Lee Fowler said the annuity, funded by the Wolfpack Club, has been paid. Amato recently was hired at Florida State at a $200,000 annual salary. Fowler said that total will be deducted from NCSU's annual financial obligation. Amato's annual salary at NCSU was $228,960.

"The water damage and paying off coaches has put a dent in the athletics department budget," Fowler said.