I've got a Soligor 200:2.8 manual focus that's not bad & didn't cost much (less than $100USD).
no sharpening, wide open, contrast adjusted, 100%:

Deblurred 2pixels (Focus Magic)

Takumar 200 at f4 for comparison:
I want a sigma 70-200 2.8 AF but it looks like that'll cost me $700USD or more. It's the best I've seen wide open; the Tamron 70-200:2.8 maybe better stopped down, and costs about $100 less.
One of many Daves in Iowa
EDIT: There's a Tokina 80-200 2.8 at Keh.com for $165. It now has a Nikon AI-S mount but that's easy to change to a manual focus & manual aperture K type mount*. It is a well reputed lens:
http://photo.net/nikon-camera-forum/00NCb5
* it may fit the pentax without alteration, but for a secure mount, just unscrew the Nikon flange plate and, using the same screws, replace it with a flange-type m42-K adapter.
Hmm, maybe I need this lens? Hmmm... (Marc, how much do you value AF for concert/indoor sports work?)