ESPN link
Jist of it:
OU are being forced to forfeit the 2005 season and they are also being docked 2 scholarships in '09 and in '10. Stoops' career record will also be amended to reflect the vacated wins, dropping it from 86-19 in eight seasons to 78-19. OU also will have two years of probation added to an earlier penalty, extending the Sooners' probation to May 23, 2010.
Gee, why am I not surprised in the least bit? In my opinion OU is getting off lightly. Bomar took 20 g's, Peterson was given a free Lexus to drive around, many other players took free handouts, they just weren't as high profile as the starting QB or the Heisman trophy runner-up RB. I actually know somebody that went to OU and is good friends with former Sooner linebacker Teddy Lehman. The things this guy told me about OU, oh man I was shocked that something like this didn't happen 4-5 years ago.
Wonder how this will affect their recruiting?