Yes.
For years, the rule was all transfers had to sit out a year after transferring.
Then, the rule was amended to allow college graduates with eligibility could transfer without sitting out a year.
Most recently, the rule was changed to allow one transfer for a non-college grad without sitting for year.
Then, during COVID, the NCAA just let everyone transfer as much as they wanted because everyone could claim some hardship. At that point, schools wanted some parameters around the transfer situation; so, the NCAA was directed to enforce the one free transfer rule for non-college grads.
During the entire time, in special circumstances, the NCAA could waive the sit out rule. This waiver process was supposed to be rarely used, except in circumstances such as a player's parent is under-going cancer treatments, and the player transferred to be closer to home to assist the family. Lately, mental health has been a point of emphasis so there have been exceptions when the transfer was to support mental health treatment. Also, if one of the schools in player's past lost a coach or was penalized by the NCAA, those issues were thrown in to justify the transfer.
With that background, you can guess what happens.
A bunch of athletes that can really help a school win more games, but has already transferred once, now need a waiver to play. So, schools hire lawyers to craft scenarios where the waiver is justified because of a family situation or mental health or some other supposedly unique circumstance that rarely applied, but now suddenly applies to dozens of transfers a year. It's mostly BS. Cincy wants Bandaogo eligible because he can block a lot of shots. WF wants Reid eligible because WF has a need in the front court.