ATLANTA, GA - DECEMBER 5: Head coach Jim McElwain of the Florida Gators looks on before the SEC Championship game against the Alabama Crimson Tide at the Georgia Dome on December 5, 2015 in Atlanta, Georgia. (Photo by Kevin C. Cox/Getty Images)

This is reportedly the reason seven Florida players were suspended

This is pretty bad.

Seven Florida Gators were suspended for the first game of the season against Michigan for an undisclosed matter. However, The Read Optional is reporting that the reason all of those guys —- headlined by star receiver Antonio Callaway —- have been suspended was because of misuse of financial aid funds.

The players allegedly took part in a scheme where they purchased electronic products with school-issued debit cards before selling them for cash. While this practice is fairly common in college football, the Gators' players then went to university officials to report that their cards were stolen. This triggered a school investigation into possible credit card fraud where the officials deemed the cards were not stolen and looked into the purchases. They found the players at fault for misusing funds given to them.

TRO's sources also say that this is the third infraction for one of the players while the rest were first time offenders. The players part of the suspension are starting receiver Antonio Callaway, lineman Kadeem Telfort, defensive lineman Keivonnis Davis, defensive lineman Jordan Smith, linebacker James Houston IV and linebacker Ventrell Miller.