Michigan will forfeit its postseason revenue for the next two seasons and pay a fine of $50,000 plus 10% of the football program's budget and 10% of the football scholarships awarded for this season. According to ESPN senior writer Dan Wetzel, that's a total fine of approximately $20M.

NCAA to Announce Long-Awaited Michigan Sign-Stealing Fate Friday originally appeared on Athlon Sports. The NCAA Committee on Infractions will announce its ruling Friday in the University of Michigan’s high-profile advance-scouting case, sources told ESPN Thursday.

The NCAA went after Michigan’s wallet. Michigan received a fine of at least $20 million that could top $30 million — according to ESPN estimates — for its alleged 2023 sign-stealing scandal involving staffer Connor Stalions.