I still don't even know if Max and Chris did what they're accused of doing. Has anybody reported on that? Or is all the reporting basically about the arrests without providing any sense of proof of whom actually did the paintball shooting?
Even if we assume they did it, deliberately intending to hit innocent strangers with paintballs, I believe they will wind up getting nothing more than a slap on the wrist in court. Or the kids who were hit and any witnesses might even refuse to testify, resulting in the case being dropped or tossed for lack of evidence.
So that's what they court might do (if they did it, which is unproven as yet). That still leaves open the question of how GS should handle it. And, unless there is something even worse than what's being reported, I do not think the only path forward is for Max and Chris to continue to be suspended from the team.
I think it's a big deal to be driving around shooting people with paintball pellets. It deserves punishment by parents and coaches. So if they did it, they need to get punished in such a way that it provides a painful object lesson and sets a strong example for the rest of the team.
However, I don't think doing those things is incompatible with allowing them to rejoin the team and play the rest of the season. There are other ways to punish them without punishing the entire football program. Having them give up almost all of their free time (after school and football commitments) for the next two years while doing volunteer work of all kinds (from working soup kitchens and on roadside clean-up crews, to cleaning bathrooms in dorms, to visiting sick kids in cancer wards).
For kids their age and in this situation (being CFB players), that will be painful, humbling and also rewarding. It would also serve as a strong deterrent to other players who would not wish to be spending their summers doing such stuff almost every day.
GS can't make them do that. But he could offer it to them as a way to earn their way back on the team this season, even while the legal stuff is being slowly sorted out.