What's the NCAA to do, now? Death penalty to Ohio State?

Jim Tressel resigned on Memorial Day; it may be forever known as Ohio State's Memorial.  Turns out, it was THIS SPORTS ILLUSTRATED STORY that may have caused the hurried meeting and sudden resignation of Tressel.  It's very bad news for Ohio State: from the start, Tressel may have been instrumental in hooking up players and boosters, and not just a handful.

"Ohio State players have been trading memorabilia --­ including items bearing Tressel's signature -- since at least the coach's second season, according to multiple ­sources. The number of players ­involved is also much higher than what has previously been disclosed."

When you get through with reading it, you have only two questions to ask:

After the NCAA said that USC should have been keeping a close eye on its high profile players, how will the NCAA react to an exploding scandal at Ohio State, where four of the Buckeyes' best players currently on their roster were deeply involved in getting booster benefits...Death Penalty?

Why didn't the 400+ violations over the last decade, tip off the NCAA that maybe something wasn't quite right, even if Ohio State had a large compliance office?  After all, the NCAA just recently commented on its allegation against Boise State, saying, "it is alleged that the scope and nature of the violations set forth in this inquiry demonstrate that the institution lacked institutional control."

And ESPN is reporting that the NCAA is opening up a separate inquiry just on Terrelle Pryor.