Well I still say if it is a done deal, and this delay and drama is really just for appearances, that he will be starter next year and will be essentially promised the starting job, or it's his to lose, or something like that....
But if it isn't a done deal, it wouldn't entirely shock me at this point if he didn't come to ND on account of TB's excellent/promising bowl game performance, and then MF/Rees will have lost DP, will have demonstrated themselves as coaches willing to turn their back on the QBs already on the roster, including one who had done yeoman's work in DP for a team that was kind of on the brink in the way that we were after TB went down, and generally just look like dipshits and/or buffoons in how they handled their, shall we say, 'upgrade' to the all-important QB position.
So that wouldn't be good, in addition to not getting a portal QB for whatever substantive value to the team it would have brought. Plus, if I'm SH I don't want to be a backup, that isn't good for my brand. I think it's safe to say that's not what he's looking for in a grad transfer year. And wouldn't be what he's signing up for. If all we get in the end is some random scrub backup type, then whatever..... We would get either an 'F' or D-, as a letter grade for the whole endeavor.