My answer would be a (somewhat) emphatic "no." But The Shark brought to light some interesting commentary we hadn't seen in preparing our earlier discussion of the 100-day grade debacle.
Apparently, Florida State University recently began fining professors who turned grades in late. As the article explains, Florida State seems to be the only institution to fine professors for turning in late grades, and charges a $10 fine "for every grade for every student that is not runed in by [the] deadline[.]"
Interesting. As I expressed in my earlier posting, I do believe law schools would benefit from rigid deadlines, but this really does seem over-the-top--not to mention the potential legal problems associated with a punitive approach of this kind. Professors, like students, have things come up that need tending to...delays are obviously not ideal, but are a very necessary reality for those who have other important obligations to tend to.