If these restrictions essentially make Penn State a Division II football team (or whatever the proper term is these days) how will that affect the Big 10? Will Penn State essentially become the doormat of the Big 10 for the next several years?
The other question I'm wondering about is how this will affect attendence at the Penn State games. I imagine they'll still come out in droves this year. But will the season ticket holders still come out when Penn State is 0-9 and losing games by big margins?
What happened to SMU completely changed the football culture- but the Mustangs stopped playing other teams in the Southwest conference, and started playing much lesser opponents, which at least allowed them to be competitive. Penn State is still going to have to play Michigan, Ohio State, Nebraska, etc. It's going to be ugly. Perhaps not this year, but pretty soon thereafter.
Penn St. is going to be terrible. Maybe not next season (though, if they lose 10 players or more to transfer, they will), but beginning with the 2013-14 season, they are going to be awful. What recruit is going to want to be associated with that program? For next year's recruiting class, Penn St. is going to have to tell those recruits that, unless they redshirt (and I don't think PSU has the luxury to redshirt anyone anymore), they will never play in a bowl game, will never have the chance to win the national championship and will never have the chance to win a conference championship. For the following class, you'd have to tell them the above, but say, "you could do each of those during your senior season, four years from now, but not before then." Then, the following class, "in three years...", etc.
As each successive terrible recruiting class comes in (and tiny recruiting class comes in), they will have walk-on caliber players both on scholarship and playing major minutes. They will have no depth at all. And, they must hit on every single one of the recruits they do bring in or they will suck even worse. For each player they bring in, they need them to be there for all four years - no career injuries, no transfers, no academic ineligibility and no off the field arrests.
When the sanctions are over, it will take multiple seasons to build the roster up to 85 players unless they get a huge wave of transfers. So, even though they'll be capped at 65 for only four seasons, they won't have a full 85 (barring a ton of transfers) for 5, 6 or maybe 7 years. At that point, they will most likely be missing bowl games for up to 7 or 8 seasons.
This is going to be a painful next 5-10 years for the Penn St. is my prediction and most likely longer than that. This is crippling.