Yes, the National Collegiate Athletic Association possesses the formal regulatory authority to vacate wins, conference titles, and national championships if an institution is found to have committed major violations of NCAA rules, such as using ineligible players, academic fraud, or severe recruiting infractions. When a championship is vacated, the historical record is altered to remove the victory or title from the school's official ledger, though the physical trophy is sometimes returned and opposing teams are not necessarily awarded retroactive tournament titles. This disciplinary mechanism serves as a severe penalty for institutional non-compliance.