I posted this in the same thread on the hoops board:
Also effective immediately, Division I student-athletes who meet certain academic eligibility requirements will be immediately eligible at their next school, regardless of whether they transferred previously. Specifically, to be immediately eligible after a transfer, undergraduate student-athletes must have left their previous school while academically eligible and in good standing (not subject to disciplinary suspension or dismissal) and meet progress-toward-degree requirements at their new school before competing.
So, does this mean if they have passing grades mid-semester and transfer, they can play immediately? Because if so, OMG. The implications are frightening.