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These financial penalties are a meaningful shift toward modern enforcement by the NCAA, targeting wealthy programs where it hurts most — their wallets. Financial hits carry more weight than symbolic punishments, like vacated wins or postseason bans that only hurt innocent players. This approach finally recognizes that college football is a business and treats rule violations accordingly.
Michigan essentially bought its way out of serious consequences with a mere financial slap on the wrist. The lack of a postseason ban or vacated wins sends a clear message that wealthy programs can break rules and simply pay fines as the cost of doing business. This creates no real deterrent for future cheating by well-funded athletic departments.