I was very confused when I saw this thread. The idea that Pitino could get another power 5 job at his point is laughable no matter how bad BC has been. I thought it would be best for Pitino and the Gophers if he tried to move on to like an A10 school or a really tough P5 job like BC a few years ago. He could have gotten a fresh start and he wouldn't have been far removed from his one winning conference season.
I actually think it would be best for Pitino if he had to grind at a low major now. The question is does he want to do it? A mid major job, which I think is unlikely, would probably put him in the 600-800K range which would be a huge pay cut for him, and a low major will be under 500K for sure. I really don't see a guy who wants to grind and prove himself, but others here see him differently than I do. He really needs to go somewhere and compete and earn a name for himself over time while he rehabilitates his image. Win a couple conference titles in the Sun Belt or America East over the next 5-6 years and then he may attract some interest at a higher level.
Some comparsions: Dan Monson: won more at Minnesota under sanctions, had an Elite Eight at Gonzaga under his belt and ended up at Long Beach State. John Groce: won more at Illinois in conference and had a run in the tournament at Ohio before that and is now back in the MAC at Akron (I assume that's not as good a job as Ohio?). Todd Lickliter: Pitino is approaching that level of ineptitude in conference play and Lickliter was an assistant most recently at Evansville before getting that Missouri Valley job last year when the head coach was forced to resign. Lickliter had some success at Butler before Iowa. Ed DeChellis left Penn State after his best year (and only tourney berth) to go to Navy. DeChellis had one winning record in 8 years at PSU and had a tourney berth and 3(at least shares) of conference titles at ETSU before PSU.
All of these guys had more on their resume before their failed tenure in the B1G. None has even sniffed another high major job. Pitino has youth on his side, but he's got a tough road ahead of him.