This is the part which I don't like. Why should the transgressions of the former people prevent the current ones from playing in the NCAA tourney? Not right.
What should be done is that the current USC team is eligible for post-season play, but the school cannot earn any money for participating. The school should have to pick up the tab on its own. That would be a more fitting punishment in this case.
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quoted from the article:
Kevin O'Neill took over for Floyd and has guided the Trojans to a 10-4 record, including 2-0 in the Pac-10, and an eight-game winning streak.
"I think the university did the right thing in self-imposing sanctions. I respect and understand the action that was taken," O'Neill said in the statement. "While it is unfortunate that our players won't have the chance to compete in the postseason that just makes every game for us now a postseason game."