According to The Daily, Steven Threet will be releasing a statement on his future as a Michigan Wolverine today. Most likely, that means Threet will transfer, because a statement of any other kind would be really weird. Rod-haters will site an erosion of family values. The headlines won't say much more than "another Wolverine transfer" as the world continues to wish away Michigan dominance.
But the truth is that no Michigan fan would have been rooting for Threet in the 3-way battle with Denard and Tate. He's probably better served elsewhere. Good luck in 1AA.
UPDATE: Angel makes it official. And Threet's dad's first name is Jewel.