Here is the exact wording of the proposal.
"In Division I, subsequent to graduating the date that the individual's
high-school class normally graduates from high school (or the international
equivalent as specified in the NCAA Guide to International Academic Standards
for Athletics Eligibility), a student-athlete shall have one year or one
sport season, whichever is earlier, in order to be immediately eligible and
retain the opportunity for four seasons of competition upon initial,
full-time collegiate enrollment."
"the one-year or one sport season time period in which precollege prospects
may engage in competition without using a season of competition should be
measured from the time the prospect's high-school class normally graduates
(i.e. the last class of which the prospect was a member while enrolled in
high school). Such a standard will deter prospects from delaying graduation
from high school in an effort to avoid the application of the legislation."
The entire proposal can be found at the following links.
http://www.ncaa.org/databases/legislation/1999/99-106.html to /99-111.htm
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