NCAA ruling on USC will be announced Thursday

It appears that D-Day has arrived for USC.

USC will hold a news conference Thursday to respond to the NCAA's findings following its investigation into possible violations by the Trojans' football and men's basketball programs, a source with direct knowledge of the situation told ESPN's Joe Schad.

The investigation started in 2006. The NCAA infractions committee hearing took place in February. This news has been a long time coming.

Set up your scorecard like this: Failure to monitor vs. Lack of institutional control.

The first is a WAY better finding for USC. The second means major sanctions. The latter ruling means the NCAA decides either that USC had knowledge of wrongdoing and did nothing about it or it blatantly turned a blind eye to violations it should have been aware of.

Next: Past vs. Present & future.

If the NCAA rules that former Trojans running back Reggie Bush received extra benefits while he was playing for the Trojans, he likely would be ruled retroactively ineligible, which means penalties could hit USC in the record book in the form of vacated wins.

That's embarrassing, but the penalties everyone will be watching for would hit the present and future: scholarship reductions and a postseason ban.

Scholarship reductions would damage USC on the field, which would seem the intent of a punishment for wrong-doing within the program. The complication of a postseason ban is it would hurt the Pac-10 as a whole, not just USC.

Ah, but we shall shortly see. The endgame is upon us. Finally.