This is just the latest news in what has been an ongoing saga for Ole Miss. The NCAA began their investigation in 2014, and have searched for violations spanning from the present to before 2012, when coach Hugh Freeze's arrived on campus. Hugh Freeze's recruiting classes have helped bring Ole Miss to national prominence, and his 2016 class is currently ranked 4th in the country.
However, one of the best recruits in Ole Miss history, Laremy Tunsil, was suspended 7 games this season for accepting impermissible benefits. He is currently predicted to be a top-3 pick in this year's NFL Draft.
According to standard NCAA protocol, Ole Miss and/or other parties charged with violations have 90 days to respond to the allegations. Unless they and the NCAA agree on the facts and the case can be resolved by summary disposition, a Committee on Infractions hearing date will be established. The COI generally meets six times a year.