To refer to it as an "epidemic," as some in the college basketball world have called it, might be overdoing it. But with the continued prevalence of players who opt to switch schools—quite often more than once—during their career, it's fair to be concerned the trend.

There are roughly 4,200 scholarship players at the Division I level, assuming all 351 programs use all 12 of their available spots. According to a list compiled by ESPN, more than 500 players have...

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