I don't blame Love for running off the court after his shoulder was pulled out of socket. That is just the smart thing to do. It has nothing to do with toughness. I don't get the criticism of this.
I also sympathize with Love in that he was emotional after the game and blurted out some statements he probably shouldn't have (his coach did this too). I don't 100% agree with what he was saying but I certainly understand that he was pizzed.
In terms of the actual altercation, the pictures that have been posted here show all the NBA should need to judge on this. Love held Olynyk's arm first. This could have been the end of it but the ball happened to go right over their head forcing them both to turn around and chase it (if the ball had gone to the other side of the court, that would have been the end of it).
Olynyk did grab on to his arm more than he needed to partly out of frustration that he had been held just a second earlier. It seems to me that he pulled on his arm on purpose but his intent was to keep Love from getting the ball.
No one likes to play against someone like Olynyk who plays a kind of "goony" game. He is not a "goon" per se but because of lack of talent, his game is goony sometimes. Grabbing, clutching, reaching, pushing, whatever, all to make up for lack of talent.
This was not a totally clean play but I also would not call it dirty. I don't think there is enough to base a suspension on. Olynyk was trying to be "scrappy" but ended up being "goony". You shouldn't be suspended for being goony by accident.