Miami is in some hot water, and should get a pretty severe penalty (if the NCAA has a sac), but I don't think it's the same hot tub SMU was in. SMU had just been put on probation for recruiting violations, and while serving out that probation they continued with the craziness (paying players and recruits, etc...) and got busted again.
A comparable situation would be IF Miami gets, say, 2-3 years probation (no post season, loss of scholarships, etc..) for this Shapiro-gate, and they continued having boosters provide illegal benefits to players and recruits while they are serving out this penalty. Then they'd be in the SMU hot tub time machine.
SMU's administration was involved. As far as we know, Miami's wasn't. Whether or not they should have known being the same offense we will see.
Interestingly, the only team that SMU beat the year after the death penalty - UConn. I missed that the first time I watched.