After reading about all the stuff SMU did to get the death penalty handed to them, it seems very unlikely the NCAA will evoke it here. It seems you have to continually screw up even after you're caught once or twice.
SMU Death Pentalty
I seriously think if PS comes out and denies itself scholarships/bowls games/etc., this will please the NCAA and they will find just punishment. SMU tried it, but they were way beyond
we'll go to bed without supper when they tried to right the ship. Seems everyone at SMU had a hand in the corruption and the NCAA had to clear the slate and start them over. PS's "corruption" is more localized and now cleared from the picture. PS is a MUCH bigger entity and the ramifications of the death penalty would/could also damage the NCAA's money making system (which they don't
really want).