“The BCS is not a governance body nor an investigative body,” BCS executive director Bill Hancock told CBSSports.com. “Policy is that the BCS group would act only at the conclusion of the NCAA process, and only if the NCAA returns findings.”
On Friday, Ohio State vacated all of its 2010 victories, including the 31-26 win against Arkansas, and put itself on two years probation. Jim Tressel, who covered up and lied about multiple NCAA violations, left the school on May 30. A handful of players have been suspended for the first five games of the 2011 season (but were allowed by the NCAA to play in the Sugar Bowl).
Ohio State will go before the NCAA’s Committee on Infractions next month. Further penalties are possible – just not financial ones.
The NCAA Committee on Infractions cannot withhold bowl money from a football program for committing major NCAA violations.
"The key here is unlike NCAA championships, where if you have to vacate a Final Four [appearance], the Committee on Infractions and NCAA can mandate that you as an institution return monies to the NCAA,” said Joe D’Antonio, the Big East’s senior associate commissioner for compliance. “The BCS is not controlled by the NCAA. Consequently the Committee on Infractions cannot impose those types of [financial] penalties.”