I believe any punitive response from the NCAA would be met with much more resistance than what they would be inclined to risk at this time. Not so much with this recent action by the Governor of WV, but more about the current culture for institutions like the NCAA that have become increasingly unpopular with the both the courts and the public.
While I doubt this University is willing to litigate the past NCAA penalties, I believe the combination of the advent of NIL, along with the subsequent facts related to Pitino’s case, would suggest that UL would prevail in its challenge of the NCAA punishment.
In the very unlikely scenario where a lawsuit was initiated by UL, and the Courts decided the trial would be held in Louisville, I believe the NCAA would do everything possible to settle the case on UL terms, knowing its reputation is deeply tarnished universally, and particularly in the 502 area.
I refer to the successful lawsuit that Jerry Tarkanian brought against both the NCAA and UNLV in 1988 as evidence of just how vulnerable the NCAA is when challenged in a lawsuit. That was in 1988, over 35 years ago; at a time when the NCAA reputation was no where close to its tarnished level now.