Sanctions can of course be a wild card, no doubt. A couple things to note though:
1) UNC's lawyers and PTB have indicated to men's basketball and football that we are clear of any crippling sanctions (post-season bans, significant scholarship reduction).
2). Any sanctions that DO come down will be the end of all of this. The threat of sanctions is what has made recruiting difficult for both programs, not the sanctions themselves, if that makes sense. Once the sanctions are handed down, schools can no longer negatively recruit against us using the "what if" approach. Once they're handed down, everything returns to normal.
And as for basketball, our current AD (who is still new, was hired in 2011-12) is absolutely doing whatever it takes to support football at UNC. That wasn't the case with the previous AD a lot of the time. Our current AD, Bubba Cunningham is pulling the strings to ensure football is supported in addition to basketball, not despite of it.
Question for you Mizzou guys (I'm assuming you're Mizzou guys), how strong is the football tradition and support there? I though Mizzou had morphed into a bit of a basketball school in the last 20 years or so. I'm just not very familiar with Mizzou football. Has it hurt at all that you've lost your rivalry with Kansas? I'd assume no lol.