Michigan was hit with severe financial penalties as the long-running, sign-stealing saga came to a close on Friday

Here's what you need to know on why the NCAA didn't issue a postseason ban to U-M as part of its punishments for the sign-stealing scandal report.

The NCAA report stated that an "elaborate, impermissible scouting scheme was embedded in the Michigan football program over the course of three seasons," under the leadership of then-coach Jim Harbaugh.