It’s transfer season in college basketball, as players are fielding calls from coaches around the country and announcing new homes left and right. As the transfer portal continues to surge in popularity year after year, many in college basketball have felt that the NCAA must adjust its transfer rules.

That could happen this summer, as the NCAA will look at granting transfers a one-time exception for immediate eligibility, provided players meet certain criteria. The question, however, has been whether that rule would immediately take effect and grant players who transfer this offseason with immediate eligibility for the 2020-21 season.

CBS Sports college basketball insider Jon Rothstein addressed that Sunday on Twitter.

“If the NCAA votes in June to allow a one-time transfer rule with immediate eligibility, it is likely to begin during the 21-22 season,” Rothstein wrote, citing anonymous sources.

If this is how the NCAA opts to proceed, it will affect the value of most of the top transfers on the market this year. While graduate transfers can play right away, they typically have less value than traditional transfers, because they typically only have one season of eligibility remaining. Guys like Syracuse commit Alan Griffin and outgoing Ohio State transfers Luther Muhammad and D.J. Carton will indeed have to sit out one season like usual unless they receive waivers, which means teams in need of immediate help might prefer to look elsewhere — while those looking for long-term answers will perhaps have even more interest.

The NCAA announced in February that it would consider the concept of immediate eligibility in all sports. Many sports already grant immediate eligibility in most cases, but not football or basketball.

“The current system is unsustainable. Working group members believe it’s time to bring our transfer rules more in line with today’s college landscape,” NCAA working group chair Jon Steinbrecher said at the time. “This concept provides a uniform approach that is understandable, predictable and objective. Most importantly, it benefits students.”

Based on the NCAA’s proposal, four criteria would need to be satisfied for transfers to play immediately: They must receive a release from their previous school, leave the school academically eligible, maintain academic progress after transferring and leave in good disciplinary standing.

“More than a third of all college students transfer at least once, and the Division I rule prohibiting immediate competition for students who play five sports hasn’t discouraged them from transferring,” said Steinbrecher, who's also the commissioner of the Mid-American Conference. “This dynamic has strained the waiver process, which was designed to handle extenuating and extraordinary circumstances.”

“We know that challenges will exist with this concept, particularly as it relates to other coaches potentially tampering with currently enrolled student-athletes,” Steinbrecher continued. “The working group will continue to examine this, as well as any potential financial aid and academic impacts, so the Council can make a fully informed decision.”