Agree with WeWant9 - The talent does not equal the record!
I am going to infer from your original post that next year's team will have the overall talent to compete/challenge for a championship. Freshmen have a huge adjustment from high school/AAU play to Division 1 college basketball. The only 5 freshmen that carried their team in college to lofty heights were the Fab Five, but they did not win a championship. They were the outlier as there has not been a team in the 30 years since that even relied on 2-3 freshmen as the core of a championship team.
You mentioned (3) 5 star players (Livingston, Wallace, and Collins). Livingston was practically invisible the first two-thirds of the season. Wallace has had a good freshman year, but as you stated, is not capable of taking over a game. Collins is an athlete but far from an average college basketball player. I like Collins personally, but don't think he will ever live up to his potential because of his frame. Livingston and Wallace would improve exponentially with another year and might be capable of being the players to lead the incoming freshmen class.
Next year we could have a team with the core being 5 freshmen. How can UK get back to the team that challenges for the SEC regular season, SEC postseason, and a shot at an NCAA title if we are depending on 18 year old kids to lead us? Unless several players from this year's team return, next year could be a disaster. Plus, even with some returning, who is going to rebound?