"Getting run off" might sound like a shaky reason but that's the majority of the requests for waivers these days, as Jeff Goodman's tweet points out.
IMHO Jones being approved for a waiver is likely enough to make it worth trying. Not saying it will be, just that other players have been approved -- including a former teammate at Memphis, David Wingett -- with the exact same reasoning.
Now, the longer the NCAA drags its feet on it the more you have to wonder if it's worth it. We're 25% of the way through the schedule at this point...