The Panthers staff only got on Christ the King guard Jon Severe recently, and it proved to be too little too late as Severe chose to stay home and play at Fordham.
I know there will be Pitt fans who will make much more of this than it is, but it's not a huge deal- at least not yet. Severe is potentially a good player, but he's not a program changer. And like I've said before, he is a different kind of kid, one that doesn't just go for the best program, so it's not a surprise at all that he decided to stay with the hometown school that's been showing him love for years.
As for how much of a shot this is for Pitt, I look at it the same way as I look at the football program losing Troy Apke. And that's that you can only keep score with recruiting when all is said and done. If Pitt gets an equal or better player in that slot then it's not a big deal at all. If they don't, then missing out would be considered a failure.