Miami's football team will lose a total of nine scholarships and the men's basketball team will lose three as part of the penalties the school was handed Tuesday by the NCAA as the Nevin Shapiro scandal presumably drew to a close.
Both of those scholarship losses will be stretched out over three years. But for the first time since 2010, the football team will be permitted to appear in a postseason game.
The school will also serve three years of probation. Former men's basketball coach Frank Haith, now at Missouri, will sit out the first five games of his team's upcoming season as punishment for his involvement with the former booster, and three former Miami football and basketball assistant coaches were handed two-year show-cause bans.
Neither Miami nor Haith plans to appeal the penalties.
The NCAA said Miami lacked "institutional control" when it came to monitoring Shapiro, who is serving a 20-year prison term for masterminding a $930 million Ponzi scheme. Shapiro alleged that he spent millions between 2002 and 2010 on football and men's basketball recruits, athletes and coaches.
Miami self-imposed postseason bans in 2011 and 2012, missing two bowl games and last season's Atlantic Coast Conference title game -- along with more than 30 practices and reductions in recruiting.
Top-ranked amateur Lydia Ko has announced her decision to turn professional at the age of 16 after forgoing more than $1 million in potential prize money. Ko, ranked No. 5 in the world, tweeted her decision early Wednesday.
The LPGA Tour said Oct. 10 that it received a petition from Ko asking that it waive its minimum age requirement of 18.