Well, it looks that way when viewing the end result but it's worth looking at certain segments of the story.
Why did a guy (Ihnen) who averaged 6.9 points per game in the last seven games of his freshman season become an offensive nonentity this year?
Why is a guy (Gach) who averaged double figures in Utah last year, 10.5 points/gm over the first 14 games, and 6.3 over the first 7 Big Ten games, averaging 2.3 points/gm over his last 11 games?
Why couldn't Pitino get more playing time for Freeman, Mitchell, and Mutaff (while he was here) earlier in the year instead of leaving the starters in for so long in blowout wins and losses? Would have helped to give these players a little more exposure and confidence in game situations. I don't know if that would have kept Mutaff from leaving, or if he would have been any good if he stayed, but I guess we'll never know.
Depth is a perennial problem with Pitino's teams and so is the fact that when certain players start struggling, he rarely finds a way to bring them back.