re: McMurphy: SEC to provide each member university $23m to offset COVID losses

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It’s basically just a loan to help schools out, they gotta pay it back when TV revenues happen.

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I didn't read it that way:

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The SEC is using future increases in media rights revenue to facilitate this supplemental distribution to its 14 member schools. Beginning in 2025, the SEC will allocate a portion of the media rights fees to be received by the conference to fund the supplemental distribution.

...each athletic department will be permitted to utilize the supplemental funds at its discretion...

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I assume that at a future date, each school may receive slightly less after this distribution comes out of the total pot, but the renegotiated (higher) media rights fees should generally cover it, right?