would be to grant players transferring for grad school an extra year of eligibility, but still require them to sit out the first year. Most grad school programs are two years anyway, and if you can have a guy sit out a transfer year on scholarship and then play the second year, it works out.
Most grad school transfers are guys who redshirted their first year and finished school in 4 years, which means they don't have a redshirt year left to burn if they transfer. Grant them a 6th year, but still only allow them to play a 4th actual season of eligibility.
It would eliminate most players that are transferring just for athletic purposes, which is what probably 90% of the cases actually are. Eniel Polynice left us because he was disgruntled with Kennedy, not because he wanted to pursue a grad school degree we didn't offer. The rule just let him transfer without sitting out this season. Without the rule, his options would've been to stay and play his last year under Kennedy or go pro. His career was over.
The NCAA isn't about academics though, so I don't know that I see the rule changing, and like you said pat, I don't see them making some exception here for Masoli. I don't think legal issue punishment is a can of worms they want to open, so I'm assuming his waiver will be passed sometime this week.