James played in 10 games as a true freshman therefore isnāt eligible to apply a redshirt. Last year was a free year. James is a junior academically/sophomore eligibility. He has 3 years of eligibility remaining. Old rule is that you got 5 years to play 4, unless a medical redshirt was granted (6th year senior). I would imagine if James doesnāt receive a waiver, he would have to use his redshirt to preserve a year of eligibility since his clock has started. In the event he does transfer to another D1 school he would have to sit out a year as the free transfer waiver can only be applied once. If James wants to remain a D1 player, he needs to stick it out at Purdue or get some major leniency from the NCAA.
EDIT: as I re-read this, if the NCAA doesnāt grant an immediate waiver this year he could theoretically use this transfer as a sit out year and still be able to apply for the one time waiver next year so long as he files his paperwork by the due date.