I think that a very visible example needs to be made out of the individuals responsible for this. I’m pretty sure that this will be a textbook case for every university administrator in the country for years (decades) to come. Everyone who touched this tar baby should be fired. And, at this point, I’m sure that’s going to happen. Additionally, I’m sure PSU will suffer financially from all that lawsuits.
That being said, PSU is THE flagship public university in Pennsylvania. Its just wrong to penalize the current players and students for crimes they didn’t commit. Punish those responsible, clean house and start with a clean slate, but minimize damage to the university.