The NCAA claims that the lack of punishment towards the current team is that it unfairly penalizes the fans and organization that no longer have the cheaters present. Jim Harbaugh and the leading players in the cheating scandal that brought Michigan a national championship are all gone. However, that only teaches other colleges that all you need to win a national championship is the ability to pay fines and scapegoats you can run out of town after the cheating is discovered.
So the moral of the story is... to win a national championship you only need two things:
1- $20 million
2- scapegoats (institutional punishment = low, individual punishment i.