This is the most tawdry scandal in history. So you think surely there will be consequences. But look at this report, note what the NCAA did NOT allege against U of L. In the end, sitting out the tournament last year + Pitino sitting out a few games next year will be the extent of it.
"In response to the allegations, a joint statement from then-acting president Nevile Pinto and then athletic director Tom Jurich, said, “"The NOA does not contain an allegation that Coach Pitino had knowledge of what took place in the dormitory. The NCAA does not allege a 'lack of institutional control' at Louisville, a very severe allegation. The NCAA does not allege that there was a 'failure to monitor' against the institution, also a severe allegation. The NCAA does not allege that Coach Pitino 'failed to promote an atmosphere of compliance,' a serious allegation. The NOA does contain a narrower allegation -- which we will dispute -- that Coach Pitino failed to demonstrate that he monitored McGee. We believe that McGee acted furtively and note that the NOA does not indicate that any other university employee besides Mr. McGee had knowledge of these activities. We are confident in Coach Pitino and we know he is and always has been committed to NCAA compliance. The entire episode is a deep disappointment to all of us who love this university.”