The socket assembly has a housing with an inner bore which extends from a first end to a second end. A ball portion of a ball stud is received in the inner bore. A backing bearing is disposed in the inner bore and presents a curved bearing surface in surface-to-surface contact with the ball portion. A first spring biases the backing bearing against the ball portion. The socket assembly also includes an exit bearing with a cylindrical portion that is in contact with an equator of the ball portion and a semi-spherical portion that is in surface-to-surface contact with an opposite hemisphere from the first bearing surface. A second spring biases the exit bearing into a predetermined location established by the housing. The exit bearing is movable from the predetermined location in a direction towards the second end of the housing against a biasing force of the second spring.