Older article, but this is what I was talking about:
http://www.sportingnews.com/ncaa-basketball/story/2005-12-20/mid-year-transfers-make-no-sense
"Dowell has decided to transfer at the semester break and join another program in the spring. Which program has not yet been made public. What is certain, though, is Dowell willingly sacrificed about 25 percent of his college basketball career. For what, exactly?
When Dowell resumes playing, perhaps somewhere closer to his home (Houston?), he will be in the second semester of his junior season. Most teams play seven to 10 games before the semester break, depending on whether they are competing in early season exempt tournaments. So if a season lasts roughly 30 games, he's tossed away the last 20 of this year and the first 10 of next. That's a whole year wasted.
...
No one knows how many athletes get into this process and then discover that no, they do not get to pick up where they left off -- that they can't play the first several games of their sophomore season in one place and the remainder at their new school. Once they transfer, that season is spent. "