Press conference at 3pm, we will update accordingly.
Speculation from The St. Pete Times, as dictated by Tomahawk Nation:
The St. Pete Times has taken a swing at what they believe will be the penalties:
[...]
-Forfeits in wins for various sports, including FSU Football from the 2007 season. This is only a good thing for those of us who believe this program cannot fully recover until all the old blood is drawn. The NCAA may be doing us a favor, applying this leach, then.
Update: That should do it then. I'm unclear exactly who played in how many games, but it looks like at least the majority of wins from 2006 and 2007 will be removed from the count, reducing Bowden's win total by up to 14 games.
From the release, emphasis added:
Vacation of all wins in which the 61 student-athletes in the sports of football, men's and women's basketball, men's and women's swimming, men's and women's track, men's golf, baseball and softball competed while ineligible during 2006 and 2007. This includes regular season contests, postseason contests and any NCAA championship competition. The individual records of the student-athletes shall be vacated as well. Further, the institution's records regarding all of the involved sports, as well as the records of the head coaches of those sports will reflect the vacated records and will be recorded in all publications in which these records are reported, including, but not limited to, institution media guides, recruiting material, electronic and digital media plus institution and NCAA archives. Any public reference to tournament performances won during this time shall be removed, including, but not limited to, athletics department stationery and banners displayed in public areas such as the venues in which the specified teams compete.