Thanks for the clarification.  I always considered both examples to be ONE outgoing link but I had a link list reject several sites for having too many outgoing links.  I thought about not linking the text, or just making "Coeds Need Cash.com" a link in the text.  That's really what got me in trouble in the first place.  I had a block of text with a link in it to the sponsor and a banner next to it also linked and it was counted as two links.  (Two actual things to click)  I was going to argue the point but as ladydesigner said, what webmaster wants to argue when it's their link list so I didn't even try.  I guess I'll make Coeds Need Cash.com a link in the text and see who rejects it...then take them off my submit list. 
