Followup stories indicate that this was not an isolated crime.
Sorry, I don't know how to do links, so you'll have to cut and paste.
http://www.wrcbtv.com/story/30886848/timeline-the-sequence-of-events-surrounding-the-ooltewah-basketball-player-rape-case
Here's another from ESPN that has more horrific details.
http://espn.go.com/espn/otl/story/_/id/14615417/3-tennessee-high-school-officials-answer-charges-failed-report-abuse
A number of stories about the cancellation of the season are dated January 6 or 7:
http://www.cbsnews.com/news/high-school-basketball-season-called-off-after-alleged-hazing-rape/
Williams, Montgomery and Nayadley have been suspended without pay. If they ultimately plead guilty, they can be fined no more than $2,500. A not-guilty plea would send the case before a grand jury.
Sounds like they'll get a light punishment.