This comes after widespread reports that the Pac-12 had targeted Memphis in its continued expansion efforts, as well as other AAC schools Tulane, UTSA and South Florida. The AAC issued a statement of its own Monday, in conjunction with Memphis' statement.

The schools had seen presentations from the Pac-12 but ultimately felt the league’s uncertainty and travel weren’t enough to leave.

Memphis, Tulane, South Florida, and Texas-San Antonio announced Monday that they remain committed to the American Athletic Conference after receiving overtures from the Pac-12. The four schools and the AAC released a statement that made no mention of the Pac-12,

Derrick Rose, the former MVP who played his college ball in Memphis, will be waived by the Grizzlies, according to a report from Shams Charania of The Athletic. Rose requested this despite having one season left on his contract, reports Ian Begley of SNY.tv, who adds Rose will announce his future plans later this week.