UPDATE: The USC football team has been stripped of its 2004 national championship victory and must vacate its entire 2005 season,according to ESPN's Bruce Feldman.

#USC must vacate the 2004 BCS title game, all of 2005 season and will be reduced to 75 scholarships over a three-year span

http://twitter.com/BFeldmanESPN/statuses/15871232102

Here is a link to the committee's report:

http://big.assets.huffingtonpost.com/usc-ncaa.pdf

It hits both football and basketball.

Now it goes to the heisman committee.