Wednesday, June 20, 2007

'Gift of a Lifetime' Program to Expand?

Oklahoma State officials are considering expanding the "Gift of a Lifetime" program, which will generate over $250 million in life insurance commitments for the athletic department.

The plan was the brainchild of T. Boone Pickens, 79, the most powerful booster in college athletics.

Pickens' right-hand man, Oklahoma State athletic director Mike Holder, told the Denver Post the athletic department is likely to seek other boosters interested in the controversial program.

"I think we're going to do another one," Holder said. "We have 27 in the first underwriting. And I think we'll try to do another of 25, to get $250 million more. I won't see the benefit of that. But future athletic directors at Oklahoma State will be happy we did it."

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