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Agree with that. However, actually attending class represents acceptance of the financial aid, which subjects the student-athlete to the transfer rules.

That's incorrect. Brandon Powell never enrolled at Miami.

I don't believe this is correct. Transfer rules still apply regardless.

I think the key phrase you are missing is that bolded part. The student-athlete is still bound by the current transfer rules, which require you to sit out if you've accepted financial aid from an institution. I could be wrong, but there is nothing in what you link that indicates he could enroll...

I agree that he can transfer whenever he wants, but I still believe that once he attends class, he cannot transfer without penalty, and this paragraph doesn't dispute that.

Meaning he could leave, but would have to sit out at Miami.

False. Actually accepting financial aid from the school by attending a class is binding.