Info for ya, Sarge.........
Once SMU got tagged with the "death penalty," literally as soon as it was imposed by the NCAA, the vultures circled. The NCAA imposed it, and told all the players there that they were allowed to transfer if they chose without losing a year of eligibility. Most top programs zipped down to SMU to "recruit." I think around 70% or so, maybe more, transferred out once the program was shut down. The following year, they were supposed to be allowed to play, but no home games or out of conference games, but without the scholarship players (maybe a handful stayed), SMU cancelled play for a 2nd year, citing that they wouldn't be able to be competitive. All this info was grabbed from a quick stop and search at Wikipedia LOL.
Now, for my own opinion. What Miami has done is EXACTLY on par with what SMU did at bare minimum. Now, by letter of the bylaws, the following shouldn't matter, but I bet my life the NCAA is looking at this situation the same way. SMU basically, for all intents and purposes, bought their teams. What Miami has done is far far worse IMO. Besides the obvious payoffs to players, you now are also involving criminal activity in it with the claims of prostitution. Does Miami deserve it? Absolutely. If the NCAA goes down that road and substantiates even 30% of what Shapiro has said, they're already on par with SMU. This is a golden time to make an example of a program who has a history of looking the other way when the NCAA problems arise. There were criminal actions being undertaken by said members of the program, and that takes it to a whole new level. You can definitely convince me on the argument of poor college kids not knowing any better than taking handouts, but you show me one kid that graduates high school without the knowledge that paying for sex is illegal.
As for the OSU rumors a while back about the penalty, it simply wasn't warranted. The death penalty basically eradicated a program for being so corrupt that something HAD to be done. Do I believe OSU turned a blind eye to bylaws? Absolutely, that's been proven. However, I guarantee you there are lots of other programs out there that have done similar things as what was proven at OSU, maybe not quite to that scale, but I think pretty much all of us to a person accepts that it goes on. The case with OSU, however, is different. SMU bought their team because it couldn't compete otherwise. Ohio State would still pull in top tier talent due to its reputation regardless if their boosters never paid a cent to athletes. Penalize them, sure, but the death penalty would have been overkill.
As for Miami, tear it down to its hinges and let it serve as an example to any other program that allows the recklessness Miami did of the ramifications.