If your hole takes that long to drain, I would look for a new spot.
Figs need good drainage.
I add a tablespoon of bone meal mixed in with the dirt in the hole.
Make sure you mulch it right away.
Straw works fine for the first season.
I would not pinch anything, stunting growth will not help it adjust to its new home.
Make sure you shade it to start, or like I do, dust it with 7 dust.
It keeps the leaves from sun burning,
deer wont eat it, wild bunnies leave em alone too.
I only use the dust for the first month of being transplanted.
If all you have is clay,, I would dig the hole twice the size you need and add compost, and good soil to hole
and mix it all in, then plant.
New figs need watered every other day here in SC. I just put 10 in the ground last week and they are thriving.
Good luck, you should be fine.
Doug