Here is the skivy on how PSU transfers will be handled:
Here's a part that I did not expect:
Essentially the NCAA opened up the Penn State program to unfettered recruiting. I expected underclassman and players who have signed LOIs to be poached but the NCAA is providing a mechanism for programs to make room for upperclassman too.Additionally, the NCAA is considering waiving scholarship limits for programs to which these football student-athletes transfer, provided they reduce proportionately in the next year. For example, the limit is 25 new scholarships per year to a total of 85 scholarships. If the limits are waived in 2012-13 to accommodate one Penn State student-athlete who wishes to transfer to a particular school already at the limits, in 2013-14 the school will be limited to 24 new scholarships and 84 total scholarships.