GFBfan
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As of about 5:30pm or so - media outlets were reporting there was a split between the Trustees and the President. The President reportedly wanted some kind of a suspension, while the Trustees wanted to reinstate Meyer immediately with no penalty/consequences. That is at least what was being reported by two media outlets that cover OSU.
Heard that on KFAN as well.
I'm going with, they will make Meyer do some community service and or sensitivity training and that is it.