From another thread I said:
The NCAA has not let UNC or Louisville off the hook for anything. There is absolutely no indication UNC or Louisville will not be punished by the NCAA other than the story line of "the NCAA never punishes blue chip programs". The NCAA is not a monolithic entity and these sweeping generalizations are not necessarily wrong, but they also aren't facts.
Last I heard/checked, UNC is still in the late discovery phase of their proceeding with hundreds of charges leveled in the Notice of Allegations and hundreds of thousands of documents being sorted through. The NCAA optimistically expected to be able to provide a better picture of UNC's situation sooner, but some self-reported infractions late last year resulted in delay as they now have to be included in the investigation. While this is a quasi-legal proceeding, I can say from similar experiences (as offensive as it may be to relate them) cases the size of UNCs could take years and no one involved would blink. The speed at which the NCAA renders a decision and then goes through the appeals process is ridiculously fast by comparison.
They'll still be punished more lightly that a MVC school would be for the same violations, but it's just not a finished process.