I do not think the NCAA will let this pass. Look at the wording by the Big10 in their open letter...
By TRANSPLANTED BUCKEYE on 07:33:43 02/11/24
[In reply to "If NCAA lets Michigan off the hook, all schools will openly steal signs. Time for CFB to get in helmet communication *" by Go Bux, posted at 21:10:59 02/10/24]
to Micheatagan. It emphasizes that the NCAA has proof of organized and involved sign stealing and scouting in violation of the rules. Further, the letter describes the cheating as "Jeopardizing the integrity of the Game!" This is not slap on the wrist wording. Also, I think the NCAA uses this to show they still have some power.