"The NCAA does adjust APR, on a student-by-student basis, in two circumstances. One exception that can be made, is for student-athletes who leave prior to graduation, while in good academic standing, to pursue a professional career. Another is for student-athletes who transfer to another school while meeting minimum academic requirements and student-athletes who return to graduate at a later date."
This is According to the wikipedia article on the APR. If your statement was correct then we would have been docked some points due to Waiters departure.