IIRC, the SEC borrowed money to lend the schools

in the 20-21 school year. The loan is being repaid from future money the SEC receives, so they probably made every school get on board with an exit fee so that the conference has a mechanism for recouping the funds.

(In response to this post by EDGEMAN)

Posted: 01/05/2022 at 1:42PM

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Current Thread:

SEC quietly adds exit fee -- mrcaniac 01/04/2022 10:05PM

Surprised they though they needed it? -- EDGEMAN 01/05/2022 10:04AM

IIRC, the SEC borrowed money to lend the schools -- mrcaniac 01/05/2022 1:42PM

I could see theoretical arguments for a school to leave the SEC -- OU_Sooner 01/05/2022 5:26PM

Maybe to protect against a “super league”? -- Truthahn 01/05/2022 09:36AM

IIRC, the SEC borrowed money to lend the schools

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