Both players are expected to receive their releases within the next 24 hours, according to sources.
The 6-foot-8, 210-pound Davis is a junior forward who averaged 17.6 points and 10.7 rebounds per game and is able to transfer somewhere and play immediately. He started his career at NC State and barely played as a freshman before deciding to transfer to Tulane. Sources indicate he could still return to Tulane, play overseas or -- more likely -- head to a high-major school.
Tarrant is a 6-foot-2 sophomore guard who averaged 15.7 points per game this season. His father told CBSSports.com he wants to transfer closer to his home in Alabama.
Tulane was 20-15 this past season and 6-10 in Conference USA.