Knoxville police say wide receiver Nu'Keese Richardson and defensive backs Janzen Jackson and Mike Edwards were arrested after the incident early Thursday.
The victims told police they were in a parked vehicle near Tennessee's campus when two men, one brandishing a handgun, approached. The suspects demanded whatever the victims had but left empty-handed when victims showed they had no money.
The suspects drove off with a third man in a Toyota Prius. Police located the car and the victims identified Richardson and Edwards.
Tennessee athletic director Mike Hamilton says he is evaluating the incident. It was not immediately clear if the players have attorneys.
Nu'Keese Richardson
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