I may be wrong about this, but I believe that anytime a team is banned from post season play then the classes for the total time of the ban can transfer. USC got a two year ban so both Jrs and Srs could transfer.
Not self-imposing a bowl ban this year was Smith's biggest mistake. Don't think many OSU fans would have shed tears over not going to the Gator Bowl this year.
They are pretty funny on their scout board. There are a lot of people over there advocating for the team to pull out of the Gator Bowl and make that their 1 year ban. They actually think this would work.