Yahoo sports directly asked the ncaa for clarification on the guidance sent to schools. The NCAA said yes, students who transferred are immediately eligible to play in the fall. The transfers are subject to academic requirements (GPA, number of credits) but as long as they meet academic requirements they can play in the fall.
Question No. 3: Does the preliminary injunction enjoin the NCAA from enforcing Bylaw 14.5.5.1, as it relates to an undergraduate fall-sport student-athlete who transfers midyear (spring 2024), seeking confirmation of the student-athlete’s participation opportunity for the fall 2024 season?
Answer: It is not certain at this time whether the preliminary injunction will remain in effect during the 2024-25 season; however, as long as the undergraduate student-athlete transfers to another Division I institution during the 2023-24 academic year, the student-athlete will not be subject to Bylaw 14.5.5.1 during the 2024-25 academic year. The student-athlete would still be subject to any academic eligibility standards required for competition that may be developed or modified for the 2024-25 academic year.
"The NCAA guidance does clarify that transfers would be subject to “any academic eligibility standards required for competition that may be developed or modified for the 2024-25 academic year.”
This is a major rule change that will drastically affect rosters across many sports in 2024, giving players the opportunity to change schools a second, or even a third time without the punishment of sitting out for a season."