Totally agree that if he did what the article says he did.... then Dailey deserves to get booted off the team and also he deserves to get in some serious legal trouble as we just cannot have people feeling afraid to go on bike rides because somebody might pull over and put a gun in their face.
BUT and this is a big BUT...
This is America and you are innocent until proven guilty. I disagree that would should suspend him now, figure out everything, and then decide if he is innocent or guilty. I disagree with this course of action because this is essentially finding him guilty and punishing him(i.e kicking him off the team) before we even know all of the facts in the case.
Flood doesn't have the option of waiting too long. He has to get as much information he can in the next few days, talk to Daily, and make some kind of decision. At best, sounds like he was there, as he was identified by the victim, so unless he has an airtight alibi, sounds like he is in real trouble.