The school released a statement late Wednesday night.
The 6-foot-10 Jerrett is extremely skilled, but struggled to adjust to the college game. Most of his production came from beyond the 3-point arc. In fact, 32 of his 63 field goals came from deep.
This is a baffling decision because multiple NBA executives told CBSSports.com that Jerrett is likely a second-rounder and could go undrafted. Sources also indicated Jerrett is likely to sign with Brian Dyke of Shibumi Sports.
Arizona can withstand the loss of Jerrett, especially with highly-touted freshman Aaron Gordon entering the program. The Wildcats also have sophomores Kaleb Tarczewski and Brandon Ashley back on the front line.