A couple of points and I'll be done and get back to being amazingly excited for tomorrow:
1. "It just seemed to me that the officials over-reacted and that their concern was more to please various internal constituencies of the university rather than to educate the students involved about how their words showed ignorance and could be perceived as racist."
I'm sorry, but it's racist. Not "perceived as racist". Racist. This is like someone like Don Imus saying "I'm sorry if my words offended anyone" as opposed to actually apologizing for making a racist statement.
2. "I hear that chant all the time in college basketball, including during the Ohio-Akron game in Cleveland. I will chalk it up to students being students and you can consider as a border line hate crime and we will leave it at that."
Hearing it all the time - even from Ohio fans - doesn't make it right, nor does it make it not racist. And can we stop with the slippery slope fallacy? I don't think this is like a lynching or someone getting a cross burned on their yard, but racism takes many forms and for you to dismiss it as "students being students" creates and reinforces an environment where people think they can get away with making flatly racist statements. Fact.
As an aside, I'd guess that 99.9% of people posting here who are arguing this away are white. I'd encourage everyone to do some reflecting about the kinds of advantages we enjoy simply by the color of our skin and how it's VERY easy for us to say that it's no big deal. Because to us, it isn't. We don't regularly encounter racism that's subtle, overt, or institutional.
So you can put me on the PC police force or whatever you think, but to ignore the realities at play here is a mistake.
That said, Go Bobcats.