McCarty played for the NBA's New York Knicks, Boston Celtics, Phoenix Suns, and the Los Angeles Clippers.

In 1994, McCarty's made three-pointer completed Kentucky's 31-point comeback over LSU—the biggest second-half rally in NCAA history.

Over the next few years, he was one of Boston's top options off the bench, often making a key defensive play or three point shot.

He was also a favorite of Hall of Fame player, coach and longtime announcer Tommy Heinsohn, who often exclaimed, "I love Walter!"

In February 2005, McCarty was traded, along with an undisclosed amount of cash, to the Suns for a second-round pick as a result of the Celtics' youth movement.

[3] In June 2010, McCarty was named as an assistant coach for the Indiana Pacers under Jim O'Brien, replacing Lester Conner.

In a statement defending McCarty, his attorney said he did not engage in any sexual misconduct and that University made an unfair rush to judgment.

"[9] In a statement, UE school officials said that McCarty had been counseled the previous year for inappropriate behavior, and had taken part in Title IX training.

Based on this and other incidents, Pietruszkiewicz and other school officials decided that even though the investigation was still underway, McCarty had violated the terms of his contract, making it "untenable" for him to remain as head coach.