Guards Kedren Johnson and Dai-Jon Parker will not return to Vanderbilt, the school announced on Friday.
Memphis has reportedly emerged as a possible landing spot for Johnson, who was suspended all of last season.
Parker tweeted Friday that he will enroll at the University of Indianapolis, a Division II program.
"It is a privilege to be a Vanderbilt basketball player and with that privilege comes a high level of responsibility, both on and off the playing floor," Vanderbilt coach Kevin Stallings said in a news release. "Unfortunately, the standards that were clearly set forth in both cases were not met and led to this decision.
"I did agree, however, to wait to announce both decisions until after they had determined where they would be continuing their college careers. Fortunately, our staff has been preparing for this possibility since last fall and feel that we have brought in six very talented perimeter players to lead us going forward. We certainly wish Dai-Jon and Kedren the best as they move forward with their lives."
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Johnson led the Commodores in scoring in 2012-13 with 12.5 points, while Parker averaged 8.3 points, 4.4 rebounds and 3.2 assists last season.
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