Huge news that will change the college athletics landscape: the NCAA Division 1 Council has approved the long-awaited one-time transfer exception rule for all sports, including football and basketball. This was expected, but is not technically official until April 28 when it is voted on by the Division I Board of Directors — the board is expected to ratify the decision then.
What this means is that any student-athlete who transfers one time no longer has to sit out a season, as was the case previously, and can now play for their new school immediately. Again, this is just a one-time exception, so if a player has transferred in the past, or transfers multiple times in the future, that player will most likely have to sit out a season at their next stop (barring any sort of emergency immediate-eligibility waiver being granted).