Kansas A.D. Lew Perkins cleared in allegations of swapping good seats for exercise equipment (updated)

Update (3:44 p.m. June 10): Guess Kansas A.D. Lew Perkins is out at Kansas — but not until the end of the 2010-11 school year. That’s what the Lawrence Journal-World is reporting.

Original story (10:41 a.m. June 10): An internal University of Kansas review found cleared grumpy old man and Kansas athletics director Lew Perkins of accusations that he traded preferred seating at sporting events for exercise equipment.