Rick Pitino is Being Extorted?

We don't know much about the situation as it stands currently. As far as I can tell, this is what has happened: Someone tried to blackmail Rick Pitino, and Pitino asked the FBI to help investigate a possible extortion scheme. Pitino's son, Richard, has left Louisville to join Billy Donovan's staff at Florida. Karen Sypher, the estranged wife of longtime Pitino assistant (dating back to three years in Boston) and friend Tim Sypher, has been named as the subject of the investigation. The Sypher's are in the process of getting divorced.

So what is going on?

No one really seems to know at this point (although, it always seems like this stuff will leak out eventually). We'll be keeping an eye on this one as it develops.