The new chancellor will jump at the chance for some good pub by suspending her, and quite frankly, if that happens, I won't disagree with him.
No need to use those words directed towards another student. This is getting the run it is because she's an athlete, but those two words are uttered by people on Syracuse's campus every day.
They're just not usually video-taped.
Bottom line, you can't use homophobic or racist language and expect to get away with it, especially if it's caught on video. Don't spew hate and you don't have to worry about being suspended.
Bing, bang, boom. Pretty cut and dry to me.