It's a much bigger blow when a basketball team loses a few players compared to a football team losing a few players. And if I had to guess, the number of scholarship football players that have left the team over the past 2 years is probably around the same number of basketball players we have lost over the past 2 years. The only difference is a basketball team dresses out 12 guys and a football team dresses out around 75.
I was under the impression that this was his last year. That could be dead wrong but the way this thread sounded it seemed like he was in his last year. If he still has 3 more years then I too see no point in extending him right now. It will take more than 3 years for him to build the program and he will need an extension in the future but I would like to see if he can get this program on the right track over the next year or two before extending him. He still has enough years in his current contract to prove he's taking the program in the right direction. So there's no point in extending him right now assuming he has 3 years left.