Sit the players down and ask if the allegations are true. Inform them that telling the truth will make it hurt less than lying about it.
The NCAA, which supposedly has been investigating Miami for months, has traditionally shown greater leniency to athletes and coaches who fess up if, in fact, they've violated rules. Those that lie suffer greater consequences. Even, as in the case of former Oklahoma State receiver Dez Bryant, when no violation occurred.
Miami should not take any disciplinary action until the players tell their side of the story.
Be fair, be honest
The media and public love to pretend some high-noon justice should be enacted in cases such as the University of Miami's scandal, and that means the innocent and guilty should be swept out of town in the same, righteous move.
But let's be real. The 12 current players alleged to be involved in the mushroom cloud hovering over Miami athletics need to be talked with, investigated and treated on an individual basis. The allegations against them are wildly different and made by a convicted Ponzi schemer.
What if booster Nevin Shapiro had named 13 players? Sixteen? Would you want all of them be kicked off the team?
Treat them as individuals. Be fair. Be honest. Someone has to be in all this.