The deal was announced Wednesday, and the Fort Wayne Mad Ants will be a development team for the Pacers.
Officials say the suspensions could have come as punishment for an array of different occurrences.
The federal judge ruled the NFL gave inadequate notice to Brady of his potential discipline, along with other inadequacies.
The Hoosiers play the Southern Illinois Salukis on Saturday afternoon.
The Kokomo Jackrabbits debuted at number 26 on a list of the top-ranked new teams in the country.
Holt and a teammate, who are both underage, were cited last week for illegal possession of alcohol.
Whatever the courts decide, the ruling will impact private universities throughout the state that have police forces.
Indiana University President Michael McRobbie made it known he is displeased with the string of legal trouble for student athletes.
Thomas Bryant and Emmitt Holt, who are both under legal drinking age, were cited for alcohol possession Friday.
The IU men’s basketball and football teams found a new rival for their pre-season schedule.