You also have to take in account that, if they give Miami's football program the death sentence, it would severely hurt all other sports programs. I once talked to a guy that played for Michigan, and later became a high-level athletic official with the school. He told me that football and basketball fund 95% of other sports programs for the school. All other sports put schools in the red as far as budget goes. Sorry, but people don't take pride in their soccer, cross-country, or swimming teams, nor do they turn out in the tens of thousands to watch them, or have multi-million dollar booster clubs. If they were to "kill off" Miami's football program, it would severely impact all other sports, and athletes that do know how to behave and do realize that theres more to attending college then just showing up for practices and games.
That being said, I strongly hope (even though I know it won't happen) that the NCAA buries Miami into the ground because of this. This kind of playing favorites not only spits in the faces of those smaller schools and athletes of "lesser" sports, but also those who don't play sports and actually deserve to be in college in the first place for their brains.