Turns out the NCAA denied former Oregon quarterback Jeremiah Masoli immediate eligibility at Ole Miss because his request for a waiver didn't match the "intent" of the transfer exception.
Here's a statement from the NCAA.
The NCAA staff has granted a graduate student transfer waiver for University of Mississippi football student-athlete Jeremiah Masoli, but he must wait until the 2011-12 academic year to compete. Mr. Masoli can continue to pursue his academic career, is eligible to receive athletics aid, and may practice with the team
In its decision, the staff noted the student-athlete was unable to participate at the University of Oregon based on his dismissal from the team, which is contrary to the intent of the waiver. The waiver exists to provide relief to student-athletes who transfer for academic reasons to pursue graduate studies, not to avoid disciplinary measures at the previous university.
According to NCAA rules, created by member schools, football graduate student-athletes must receive a waiver in order to compete if they enroll in a university other than where they received their undergraduate degree.
After receiving information from both universities and the student-athlete, the NCAA staff obtained the final piece of information yesterday evening from the University of Mississippi and issued its decision today. The university may appeal this staff decision to the Subcommittee for Legislative Relief, an independent group comprised of representatives from NCAA member colleges, universities and athletic conferences.
Ole Miss is appealing the decision. The odds of seeing Masoli playing this year, though, seem poor.