The Auckland Blue XI included players of Indian, Sri Lankan and Pakistani heritage.
Auckland Blue's subsequent complaint to the Hawke's Bay Cricket Association (HBCA) alleged racist, homophobic and sexist comments were made.
A HBCA statement said independent commissioner John Greenwood had concluded there had been racist and homophobic abuse and that the breaches warranted serious penalties.
He suspended the two players from playing until the end of the 2020-21 season, effectively a ban of 10 weeks, including the three week stand down already served.
The findings took into account evidence provided by players, parents and representatives of both teams.
HBCA chairman James Rainger said the board was comfortable with the decision "and regards it as consistent with the response to the type of behaviour that was found to have occurred".
"Racist and homophobic abuse is inconsistent with Hawkes Bay Cricket's values and culture."
Napier Tech Cricket president David Caldwell said the club was happy with the decision made by Greenwood and endorsed Rainger's comments.
"The club has drawn a line under the incident and will move on with its responsibilities to the game and our members."
Craig Findlay initially told Hawke's Bay Today there was nothing to investigate as the game was called off after a misunderstanding.
After he was approached for comment regarding his son's involvement, Findlay said HBC was aware of the incident and was dealing with it.