The school did not release details about the nature of the suspension - McElwain merely said they "made some choices that are extremely disappointing" in the school's press release.
LB James Houston, OL Kadeem Telfort, DE Keivonnis Davis, WR Antonio Callaway, DL Jordan Smith, DL Richerd Desir-Jones, and LB Ventrell Miller were all announced as suspended Sunday afternoon. "Action has been taken - they have missed some practice and will miss the MI game", said Gators head coach Jim McElwain. "We will use this as a learning opportunity and we will have some players step up as we move forward".
Florida kicks off its season September 2 against MI at AT&T Stadium in Arlington, Texas in the first-ever regular season meeting between the two programs.
All seven players received their suspensions as a result of misusing school-issued funds.
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This is yet another strike for Callaway, who is Florida's most proven dynamic playmaker on offense but continues to find ways to land in trouble off the field.
During two seasons, Callaway has more catches (89), receiving yards (1,399) and total touchdowns (11) than any Florida receiver.
He is also the team's top returner with his ability to make an impact on both punts and kickoffs. Callaway missed last spring while he was suspended and being investigated by the school after a fellow student's sexual assault claim. He was cited for marijuana possession in May, but this suspension is for an unrelated incident.
Davis started five games in 2016 and was expected to get valuable playing time at defensive end.