Moreso, if we "treat him like any other student", what does that mean? If another student got a 0 on the paper in question, but still passed the class (assuming this was their first strike and SU uses that system, as opposed to a "do it once and your expelled regardless"), they most likely move on to the next semester after earning a passing grade in that class. But if James gets a 0, is he kicked off the team for cheating? Even if he did what he was supposed to afterwords and passed the class? If that's the case he's held to higher standards than a normal student?
I want our players to do well in class, but that's not my business, that's up to SU and the players themselves. I care about winning basketball games; just like in baseball I don't really care what a player does in their personal life, if they want to cheat on their significant other, that's on them, as long as it doesn't effect their play it really doesn't bother me.