While many (here and elsewhere) are legimately critical of Pitino, this is just the tip of the iceberg. Sadly, this type of behavior is pretty common and rampant in basketball. I have been coaching and connected to basketball and youth basketball for some time. Nothing surprising here.
A friend who is connected to some pro players, lots of college players and agents tells me virtually all of his agent friends are nervous because every one of them has been involved in some shady dealings in the past. Additionally, the list of college coaches that could be implicated is ridiculous and will likely include a list of blue blood programs in ACC and elsewhere. Everyone suspects programs like Louisville and Kentucky, but I am hearing the perceived clean coaches and programs are caught up in this as well.