I don't agree with that.
The FBI investigation is an on-going all encompassing issue in college basketball. Who knows what/when/how/if the NCAA ever outright punishes anyone because of that. As far as the Powell scandal, that's pretty much over. We're on probation and have some minor scholarship and visit reductions but we have no idea what the fallout from the FBI investigation is going to occur if even occurs at all - this is the NCAA we're talking about.
Louisville's brand is tainted and they really, really need to get an AD and a President in place ASAP...But its still Louisville. Its still a borderline blueblood program thats light years better than places like Xavier, Arizona State, Virginia Tech and nearly every D1 program but a handful.
UL simply needs to target a young coach, give them a 10 year contract and give them time to build and recruit. There are a number of coaches that would jump at the opportunity to come to UL even with everything thats happened recently.