This is not an insignificant statement. LSU’s motion to dismiss was inevitable, and sovereign immunity was always lurking—hence the SEC’s reliance on Ex parte Young. I'm guessing the real story is bigger: the SEC is now openly framing this as a dispute over LSU’s commitment to conference rules and shared governance.
Amid efforts to reach a resolution, the SEC has released a statement on LSU seeking to dismiss the federal lawsuit filed by the conference.
“These concerns remain unresolved. The conference is preparing its response in court and will uphold the standards agreed upon by its member universities and the responsibilities of conference membership”