I think the $20M fine is a little excessive.
The fine is going to be larger than that, as well, when all is said and done, imo.
$50k flat fine (bastcally nothing)
10% of football revenue (around $15m)
10% of football scholarships (around $7m)
All postseason payouts
Latest projections peg the fine at between $30-32m
Interestingly, the B1G evenly distributes all postseason monies. Postseason participants get the same as those that don't make a bowl. This means that they would be taking on the full cost of travel and expenses for any postseason trips.