SMU...SMU....SMU.
Penn State is (was) one of the most iconic college football programs in the history of the game. SMU was a brief blip on the radar. Half of the reason SMU has never recovered is because it sucked before being completely crooked.
From everything leaked to this point, the night before, it would seem as if PSU is maybe not going to get the "Death Penalty" but instead "Life without the chance of Parole."
My guess is that the sanctions will have more long term consequences and that fans in general will be shocked. ESPNsucks will go into hyper-spaztic mode to cover every legitimate and completely retarded angle for all of Monday through probably Wednesday - representing itself with self-righteous indignation and disgust - and telling fans to move on and look forward to happier college football telecasts.
The program will be banned from Bowls for many years, will lose many scholarships and have many players transfer (rightly without penalty). Recruiting will suffer dramatically and I wouldn't be surprised by a TV ban (see Ed Martin), financial damages in the tens of millions of dollars and a longterm "sentence" with clauses and benchmarks and standards for reinstatement of benefits. It wouldn't shock me if the school were to finally self-impose ...something, if simply for appearance of propriety and because of a Governor or Trustee.
Call it what you will, if Ed Martin set M hoops back 20yrs, this may very well end Penn State as we've ALL known it to be. In the world of NCAA sanctions, SMU is notable because it had been a nothing program and was hammered in an era when the almighty $$$ wasn't as influential as today.
Penn State football is not going to be good for a very, very long time for a lot of reasons. A lot of schools have a football team.