On one hand, paying it all back before USC/UCLA leave means that those two schools get to pay part of it, as compared to spreading it out, and having several years where just the left over 10 have to pay it back. BUT a large lump sum is also tougher to find.

If the PAC does expand with SDSU and someone else, do those new schools have to pay back part of that money? That would stink for them "Welcome to the conference ... here's you bill for the screw ups before we considered admitting you!!! We're glad you are here to take your share!"

Is the payback going to be actual money from PAC to distributor, or a reduction in payments from the distributor to the PAC, or a combination?