I thought that even with a release, they would be required to sit out a year if they go to a Division 1 school.
Maybe they are looking at a lower division? Might not hurt their pro prospects very much. Might even help.
Not if Texas releases them. Usually the school releasing them doesn’t want them going to a school on their conference or on their schedule.
Also, they could play immediately if they went to a Div. 1-AA school, or whatever they call it now.