Memphis also gets 3 years' probation along with losing wins

Mercury said:
NDIANAPOLIS -- The NCAA has forced Memphis to give up every victory in its 38-win season under coach John Calipari that ended in the national title game in 2007-08, saying the school used an ineligible player.


http://sports.espn.go.com/ncb/news/story?id=4412279

So does this mean that the team they beat in the elite 8 gets credited with the final four? or does it not work that way

I don't think it works that way. If you gave Texas a final four banner, what do you do about UCLA who they beat in the semis? what about Texas-Arlington, Mississippi State, or Michigan St. who they beat in the 1st, 2nd and 3rd rounds?
 
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