(09-23-2020 02:28 PM)JMURocks Wrote:  This is over the next 2 years, right? There have also been some huge losses I would think, and we aren't out of the woods yet.

Hopefully this will produce a financial surplus, but who knows at this point?

I'm not sure how it works - but this is how I would think it would work. The debt would be the same, but the interest will go down dramatically making the monthly/annual bond payments much less than they were. I doubt it was a cash out situation. Potentially the reduction in the annual bond cost would go down by more than the last likely lost gate receipts for football and basketball.

It's possible the payments stayed the same and the term of the loan was greatly reduced. Really a lot of way it could happen, but I'd guess the term length of bond stays the same, but the payments go down.