Basically, there is a small corrupt clique within the Board of Trustees that, along with the president it chose, wields way too much power.
Now, these Very Important People-types will be shocked and dismayed by such draconian punishment. Give them an out. Turn over EVERYONE who participated in this gay sex club and the sports can stay AFTER a two year penalty. Keep covering the tails of the perverts and it's bye-bye to all PSU sports for 10 years.