There is potentially a MONSTROUS downside. I'm hoping somebody who's paid to do such things does a bit of the legwork and analysis, but from what I've read on our current APR situation it appears that we are very likely unable to risk having any more players getting kicked off the team. I know he's a big time back and there's a load of potential upside, but is Dyer worth potentially losing multiple scholarships? Or a 2 year bowl ban? Given our APR situation, giving him a chance but then having to "show him the door" could result in those types of sanctions.
It appears that we've got quite a bit of work cut out for us over the next few years regardless of whether or not we take on Michael Dyer. Unless we're in really good shape on the APR for 2012-2013 academic year, I can't see us taking the risk on him. Bear in mind we've lost Deion Bonner, Trent Taylor, Quenshaun Watson, Justin Hunter, Daricky Rogers, Tyler Bray, Omari (Dante) Phillips, Davante Bourque and potentially others. All of those will impact our APR in a negative way.