I am okay taking a graduate transfer if its still allowed by the NCAA. Its a loophole that Fran could use to emerge the program and take it to the next step. The current process of recruiting HS kids is good, but then you have to wait 2-3 years before they are relevant. I would try it at least once to see what you get. There are tons of "small" school players who want to move up into the Power 5 conferences to play. Hell some of the transfers in the Big Ten this year were great players. Why not try it.
I personally think if these guys are "truly" getting their graduate degree, I would like the NCAA to go to a 50% rule. Meaning the player who wants to transfer for graduate courses, has to complete 50% of their graduate work before being able to play again (basically a year or year 1/2). I realize this would eat up a scholly for a year or two, which would be a gamble for some coaches, but it at least holds some of these players accountable. Instead of letting them sign up for courses, play basketball and by April they drop out of the program or don't finish it. Just my 2 cents.