John Calipari chose to kneel alongside his players, sparking a controversy among UK's fanbase, despite his team's historically inauspicious start.
Pitt's John Hugley faces two counts of felony criminal conspiracy and one felony count of receiving stolen property.
The program will not complete the remainder of its season due to health and safety concerns amid the pandemic.
The appeal stemmed from the convictions of James Gatto, Christian Dawkins and Merl Code for conspiracy to commit wire fraud.
Junior guard Mac McClung knocked down the go-ahead jumper with two seconds remaining to complete the Red Raiders' comeback win over the Longhorns.