As a result:
The 1987 season was canceled; only conditioning drills (without pads) would be permitted until the spring of 1988.
All home games in 1988 were canceled. SMU was allowed to play their seven regularly scheduled away games so that other institutions would not be financially affected. The university would ultimately choose not to do so (see below).
The team's existing probation was extended to 1990. Its existing ban from bowl games and live television was extended to 1989.
SMU lost 55 new scholarship positions over 4 years.
The team was allowed to hire only five full-time assistant coaches, instead of the typical nine.
No off-campus recruiting would be permitted until August 1988, and no paid visits could be made to campus by would-be recruits until the start of the 1988-89 school year.
The infractions committee cited the need to "eliminate a program that was built on a legacy of wrongdoing, deceit and rule violations" as a factor in what is still the harshest penalty ever meted out to any major collegiate program. It also cited SMU's past history of violations and the "great competitive advantage" the Mustangs had gained as a result of cheating. However, it praised SMU for cooperating fully with the investigation, as well as its stated intent to run a clean program. Had SMU not fully cooperated, it would have had its football program shut down until 1989, and would have lost its right to vote at NCAA conventions until 1990.[6]
All recruits and players were allowed to transfer without losing eligibility, and most did. On April 11, 1987, SMU announced its football team would stay shuttered for 1988 as well, citing the near-certainty that it wouldn't have enough experienced players left to field a competitive team.[7] Their concerns proved valid, as new coach Forrest Gregg was left with a severely undersized and underweight roster composed mostly of freshmen.
Before the "death penalty" was instituted, SMU was a storied program in college football, with a Heisman Trophy winner (Doak Walker in 1949), one national championship (from the Dickinson System in 1935) and 10 Southwest Conference titles. The Mustangs compiled 52-19-1 record from 1980 until 1986, including an undefeated season in 1982 led by the Pony Express backfield of future Pro Football Hall of Fame member Eric Dickerson, who set the NFL single-season rushing record by gaining 2,105 yards in 1984 for the Los Angeles Rams, and Craig James, who played with the New England Patriots in Super Bowl XX.
Afterwards, players were reluctant to attend a school with a history of such major recruiting violations. In addition, the loss of 55 scholarships meant that it would be 1992 before the Mustangs were able to field a team with a full complement of scholarship players; it would be another year before it fielded a team consisting entirely of players unaffected by the scandal.
Since 1989 SMU has defeated only 2 ranked teams, has had only 2 winning seasons, and is 64-158-3.[8] The Mustangs would not return to a bowl game until 2009; they won the 2009 Hawaiʻi Bowl on December 24, 2009 over Nevada by a score of 45-10. The death penalty decimated the Southwest Conference's reputation and finances, contributing to the collapse of the entire conference in 1996.