Up and Under hit it right on the head.
Coyle will handle this exactly the same way he handled the FB decision.
Season ends.
Coyle says "We will evaluate everything."
About a week later, Coyle calls press conference to announce Pitino will not return.
2 or 3 days later, Coyle calls press conference to introduce the new coach.
AT the press conference, Coyle will claim that no decisions were made until after the season. he will also claim that he had not been in contact with any coaching candidates until Pitino was fired. Which will be technically true - he is not in contact with the coaches directly, but with their representatives.
Bottom line - Coyle will line up "his guy" first before he officially pulls the plug on Pitino. But make no mistake, the coaching search process is already underway.