Here's the full release from the NCAA regarding the matter. A release from Indiana says it will appeal the length of each suspension.
TWO IU BASKETBALL STUDENT-ATHLETES MUST MISS NINE GAMES, REPAY BENEFITS
Indiana University freshmen student-athletes Peter Jurkin and Hanner Perea must miss the first nine games of the basketball season.
While in high school, Jurkin and Perea accepted approximately $6,000 and $8,000, respectively, in impermissible benefits from an Indiana University booster. These benefits included plane tickets, meals, housing, a laptop, cell phone and clothing. Jurkin will be required to repay $250 to a charity of his choice. Perea must repay approximately $1,590 to charity. In determining the amount of repayment, the staff considered the mitigation presented by the university.
Specifically, the involved booster was the student-athletes’ nonscholastic basketball coach. Further, the student-athletes qualified as recipients of the booster’s nonprofit organization, which assists international student-athletes in obtaining travel documents and transportation to the United States. However, the booster also had continuous involvement with the Indiana University men’s basketball program. In addition, the impermissible benefits occurred on multiple occasions during these student-athletes’ recruitment.
Indiana University was aware starting in April 2011 that there could be eligibility issues for these student-athletes should they enroll at the school. The university submitted its student-athlete reinstatement requests on July 27, 2012. The NCAA reinstatement staff issued its decision on October 29, 2012, after receiving the final set of requested facts from the university the previous week.
The university then submitted new information for consideration on the evening of November 1. After thoroughly reviewing the new information, the NCAA staff issued its decision the next day. The new information did not change the original statement of facts agreed upon by the university and the NCAA prior to the start of the reinstatement process.