Nebraska linebacker Josh Banderas told campus police he and a member of the men's track team planned to sell the bicycles they stole from racks near university housing units.
Banderas and distance runner Lucas Keifer's scheme is outlined in a probable cause affidavit released Wednesday.
Banderas and Keifer were arrested for felony theft Monday after police received a report of men cutting bike locks and loading bikes into the bed of a pickup.
Officer Aaron Pemberton wrote Banderas "stated they took the bikes because he saw signs posted on the racks that UNL would cut the bikes after a certain date and take them as abandoned property." Banderas said the plan was to sell the seven bikes over the Internet.