Myck Kabongo, sophomore guard for Texas, will be suspended by the NCAA for the remainder of the season.
Texas has held Kabongo out of the lineup as the NCAA investigated whether he received impermissible benefits from agent Rich Paul.
Paul represents LeBorn James, Tristan Thompson and Cory Joseph.
The season-long ban is consistent with the penalty applied to former Oklahoma State wide receiver Dez Bryant in 2009 when he lied to the NCAA.
Several NBA front-office officials believed Kabongo could have elevated himself into a mid-first round draft pick as a sophomore. As one Eastern Conference official said, "Maybe even a late lottery pick in what's going to be an average draft."