I haven't seen a post about this nonsense yet, but this belongs on an episode of "C'mon Man!". Has the university not made enough money off of these guys already, if it is indeed a monetary issue? Or do they feel their brand is threatened by some of the most outstanding ambassadors you could have calling themselves The Scarlet & Gray? I think its a terrible look for the university, being this petty towards their own alumni, who have given their all on the university's behalf.
Mod edit: Closing. Already addressed in today's Skull Session.