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Message: [QUOTE="pj, post: 3225909, member: 2524"] Conference distributions are paid with a delay while all the accounting is done. I don't know the exact delay but let's say the previous academic year's distribution is paid the following October. Then the math is: 2018-2019 AAC withholding $5 mn (would have been paid Oct 2019) 2019-2020 AAC withholding $5 mn (would have been paid Oct 2020) 2020-2021 BE UConn gets paid Oct 2021, UConn pays $1 mn to AAC etc So for UConn the cashflows are eliminated for two years, it gets no conference distributions in 2019 or 2020, and then 2021-2026 its BE distributions are effectively reduced by $1 mn to be paid to AAC. [/QUOTE]