In my home games KK is priceless pre-flop. It all depends on the game I guess. If you feel your beaten then throw it away and wait for a more oppurtune time... However, I think in that situation I would've pushed him all in pre-flop after the re-raise... Had you won that hand you'd be in great shape for the rest of the tourney.
http://www.nd.edu/~vkoppers/PPCRACKED11.pdfBeen reading these forums a while figured this would be worth my first post, thought you guys might want this, enjoy..feel bad for the guy up top that paid for it!