Bob,
I'm no expert, but in reading the rules, I find the following.
13.02.10 National Letter of Intent. The National Letter of Intent referred to in this bylaw is the official document administered by the Collegiate Commissioners Association and used by subscribing member institutions to establish the commitment of a prospective student-athlete to attend a particular institution.
13.02.11 Prospective Student-athlete. A prospective student-athlete is a student who has started classes for the ninth grade. In addition, a student who has not started classes for the ninth grade becomes a prospective student-athlete if the institution provides such an individual (or the individual’s relatives or friends) any financial assistance or other benefits that the institution does not provide to prospective students generally. An individual remains a prospective student-athlete until one of the following occurs (whichever is earlier):
(a) The individual officially registers and enrolls in a minimum full-time program of studies and attends classes in any term of a four-year collegiate institution’s regular academic year (excluding summer); or
(b) The individual participates in a regular squad practice or competition at a four-year collegiate institution that occurs before the beginning of any term; or (Revised: 1/11/89, 1/10/90)
(c) The individual officially registers and enrolls and attends classes during the summer prior to initial enrollment and receives institutional athletics aid. (Adopted: 4/28/05)
So, I believe that a NLI is required for prospective student athletes. A kid who went from high school to JC and then to a 4 year school is a PSA. On the other hand, a 4-2-4 transfer is not, and presumably doesn't need to sign a NLI.
Considering a straight 2-4 transfer, and assuming that a NLI is required, then a 2-4 transfer student can't sign right now.
In any case, there does need to be a written agreement if athletic money is offered:
15.3.2.3 Written Statement Requirement. In all cases, the institutional agency making the financial aid
award shall give the recipient a written statement of the amount, duration, conditions and terms of the award.
The chair of the regular committee or other agency for the awarding of financial aid to students generally, or the
chair’s official designee, shall sign or electronically authorize (e.g., electronic signature) the written statement.
The signature of the athletics director, attesting to the committee’s award, does not satisfy this requirement.
(Revised: 3/10/04)
You didn't make clear if the player in question was 4-2-4 transfer, or a 2-4 transfer. I believe that is a significant factor.