"Jan. 24, 1964: Georgia Tech leaves the SEC to go independent, mostly because of coach Bobby Dodd’s opposition to a rule limiting schools to 140 football and basketball scholarships. Others were complying by running off players that didn’t pan out, which Dodd refused to do. “Tech stands to make a considerable gain financially by its withdrawal from the conference,” wrote United Press International. “Under SEC regulations, Georgia Tech had to share with other league members its proceeds from its numerous postseason bowl games and television appearances.” Georgia Tech’s old friends in the SEC will soon be making about $30 million per year more than its current friends in the ACC, which it joined 19 years later."