Mr. Grapple, although I see what you are saying, I am thinking maybe you aren't seeing the bigger picture. It is understood by everyone that the drinking was wrong, but the fact that some person decided to publicly manifest the incident and totally blow things out of proportion(i.e. Nathan was running around naked?!?) is something completely unfair to Nathan and all the others involved.

Since some ignorant fellow proclaimed the incident to the world, and made them look like deliquents, Nathan had every single right to post an apology and show his point of view of the situatioon. Not only did Nathan have to overcome the adversity of making a poor decision, he had to deal with the unethical actions of others, and he has done so quite well in my oppinion.
Also, you assume the only way these wrestlers are being punished is by sitting out a week? I'll bet the disciplinary actions that parents hand down make this week suspension look like a treat. As you said, there is a lot more to life than sports, and from what I can see, these families are instilling this and many other important ideas into these children.