Investigation To Continue
University of New Mexico Athletic Director Paul Krebs, who has been under intense fire in regards to a 2015 fundraising golf junket to Scotland, announced Friday morning that he will retire effective June 30.
“I am proud of my 11 years of service to the University of New Mexico and our accomplishments as a department. I have had the privilege of working with great coaches and staff during my tenure,” said Krebs.
Krebs is paid $419,000 a year in a contract that runs through 2019. However, he will not be owed any buyout because of his voluntary resignation.
Krebs’ “tenure will go down as the most productive and successful in school history,” said UNM Interim President Chaouki Abdallah.
Both the State Auditor and Attorney General’s offices are investigating the golf junket, which cost UNM more than $65,000.
Critics have said the 2015 trip should have been paid for by the university’s independent fundraising arm, and not the athletic department. And that the trip might have violated the state Constitution’s anti-donation clause, which bars government entities from making gifts to private citizens.
The golf trip cost about $39,000 for Krebs, former men’s basketball coach Craig Neal and Lobo Club executive director Kole McKamey. UNM, however, didn’t say what it paid for the private donors to attend the trip. And the school initially characterized the trip as a basketball tournament in Ireland.
AG Hector Balderas said his office’s investigation into the junket would continue even though Krebs will retire.
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