or you could live with the WE of 39 and leave it on him.
Maybe one of the vets can chime on regarding the risk of him transferring after the season. I was really close one time to R/S a senior-to-be b/c of class balancing considerations, but ultimately I never got much feedback from people who have done this to know if the threat of him transferring after his r/s year is a significant one, so I went in another direction.
If you think you may be OK with a WE of 39, then if you take it off and reapply, there's a good chance his WE will drop even more, possibly dramatically more, so just be aware.