My first reaction to this story was to make fun of Florida and the dilemma they have in deciding whether or not to make Tim Tebow's eye black strips historically accurate --- then I realized that they actually have a pretty damn good idea. It's so good, Michigan should follow suit.
Statues for our three Heisman winners at Michigan Stadium? Seems like a no brainer. Statues of Old 98, Desmond and Charles at The Big House? Oh yes.
Besides, there has already been a successful test run at this year's Spring Game.
Something like this, perhaps?
[Edit: jmblue makes good points about honoring the living and the deceased and the Bo mantra: "The team, the team, the team!" It seems to me that before statues to players are commissioned, statues to these men should be erected: Yost, Crisler, Schembechler.]