While with the Bullets, he urged the team to pick North Dakota forward Phil Jackson in the 1967 NBA draft. The Bullets did not draft him, but Krause continued to keep in touch during Jackson's playing career and into his first years as a coach. Their relationship flourished during the 1970s and 1980s; notably, when Jackson was coaching the Albany Patroons in the Continental Basketball Association, Krause once called him requesting an analysis of the league's players, which Jackson provided in great detail.