It'll be real interesting to see what happens next. On the one hand, the police report couldn't peg what happened to a specific crime, and the university policies cited in the article read as discretionary, so maybe won't be enforced.
On the other, most coaches who embarrassed their employer like this would be fired already. He tried to do the "right thing," sincerely it seems, and in his defense there were worse ways he could've handled it. But there were also much better ways to handle it. The kids needed to experience greater consequences than losing their stash and a one page essay. And it still could've been handled internally, but the school needed to be looped in because now the school looks like it gave J too long a leash and for appearances sake they'll feel the need to do something of consequence.
I hope the kids don't get named because this can screw their lives up in a way they won't easily be able to rectify. I'm sure that's a big reason for why J handled it like he did, but clearly didn't have the control and authority he thought he had.