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Michigan Penalizes Itself

The University of Michigan has taken down the banners for the 1992 and 1993 Final Fours, the 1997 NIT Championship, and the 1998 Big Ten Championship, in addition to banning the program from post-season play this season, and placing the men's basketball team on two years probation. Details.

This does not end the scandal, the NCAA has the option of expanding these punishments.