We have an obligation to spend this money, whatever it takes, so we can have a fair and open forum for our athletes and coaches to air their grievances. Will it set the program back? Who knows? But it's what we have to do.

Everyone is entitled to a fair hearing.

My job was to get a fair and open hearing to all ideas.

Pension obligation bonds is just a nice way of saying we're going to go borrow more money to pay for the money that we owe. That means that that debt, if you look at it over 30 years, guess who gets to pay that? You do. The students of today will be the people who are the debt payers of tomorrow.

It makes a lot of sense for Hancock to do this because they are heavily dependent, in that it takes a very long time for one client [Lloyds] to pay them. It would be very helpful for [the Hancock] people to have partners who are paid on a monthly basis.

I spend a fair amount of time on my computer, but I don't hack into anything. I have to open the manual and follow instructions.