Georgia Head Coach Dennis Felton's basketball team will get four years probation and a reduction in scholarships in the years to come.
Colonial Athletic Association Commissioner Thomas Yeager, the chair for the Division I Committee on Infractions, said that Georgia's actions were preventable.
"The violations in this case were troubling," said Yeager.
Georgia was punished with one less scholarship for each during the 2005-06, 2006-07 and 2007-08 academic years. The four years probation started in April of 2004.
"This is a very serious case that involved three different cases of ethical misconduct," Yeager said.
Georgia will vacate 30 wins as well as team and individual records of the six student-athletes who participated in men's basketball contests while ineligible during the 2001-02 and 2002-03 seasons.