As far as I know, the Condottori system was a rather inefficient one. When they participated in campaigns the condottori was notorious for switching sides to the highest payer. Condottories was also normally unvilling to fight, because the more men they had, the more they would get paid. When the condottories however had to fight, they mainly just led their men in fancy manouvers and it was rare that fights got serios.

So if they are included it is my humble opinion that they get horrible moral.