I think coach Ksuckchefski is correct that they are allowing way too many transfers with waiver of the sitting out requirement (some with ridiculous reasons for granting the waiver...reason given: I was accused of multiple episodes of sexual assault at my prior school, but they didn't have enough evidence to prosecute, so the NCAA says "sure son you can play right away"???) and I would have no problem with not allowing such waivers, except in the case of the 5th year player who graduated and now wants to pursue a grad degree at a new school.
It makes no sense for them to sit out: makes it much less likely for them to get a scholarship (neither of our guys would have been given two-year schollies for one year of play at UConn) and many Masters' programs are only one year or 18 months. Also, as has been pointed out, many schools, such as RJ at HC, do not have graduate programs.
I doubt that Coach K is saying that to affect UConn alone. He just has no interest in such players and wants to screw over any other school who school who could otherwise benefit.