The punishment will be more levied against him and not the team.  taking picks would only punish the team and not him.  What Goodell can do is levy a huge fine and limit his access to the team.  What is also very possible is that he submit to the owners to have Irsay transfer his ownership over to his daughters who are already designated as co-owners. 

 

As far as what happened, he was found with controlled substances.  He was high on prescription drugs which is a DUI, and not drunk which is an OWI in Indiana.  Also he was going like 10mph.  Its all bad however you look at it, but its good to know the facts.

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