Kind of a slippery slope. I can understand the offense but at most they will be disciplined not much else.
They were saying racial slurs and they are representing their school. How is this a slippery slope? How about this, if you want to cheerlead for your school, don't say racial slurs. Slope avoided.
But yes of course nothing will happen to these little racist darlings, I'm sure those that will make the ultimate decision can relate to the want to say the N word.