University of Texas wide receivers Kendall Sanders and Montrel Meander were arrested Thursday and charged with criminal sexual assault stemming from an incident July 22.
The second-degree felony is punishable by two to 20 years in prison and additional fine of up to $10,000.
Sanders, a junior, faces a second charge of improper photography. Sanders was suspended by former coach Mack Brown for the 2013 season opener following a drunken driving arrest.
Both players were suspended indefinitely by first-year head coach Charlie Strong.
"We've been monitoring and addressing the situation with Kendall (Sanders) and Montrel (Meander) since it was brought to our attention," Strong said in a statement. "It's been made clear to everyone on our team that treating women with respect is one of our core values, and I'm extremely disappointed that two young men in our program have been accused of not doing that. With the recent charges against them, they have been suspended indefinitely from our football team and will no longer participate in any team functions."
Bail was set at $95,000 for Sanders -- including $20,000 for the second charge -- and $75,000 for Meander, a freshman.
University of Texas police said both players were cooperating with the investigation, and claim the alleged victim consented to the encounter.