I agree with this. It has always irritated me that all you had to do was accuse someone of crime, and it affected his position in life.
See: Tom DeLay.
Let the guy sit on the bench, but don't throw him off of the team until a conviction results.
Delay is an elected official.
Unless the judge can show the university violated the terms of the agreement between the student and itself, this is another case of judicial tyranny.