Michigan's Threet to release statement Monday

Posted by ESPN.com's Adam Rittenberg

As rumors swirl about a possible transfer, Michigan redshirt freshman quarterback Steven Threet will issue a statement Monday regarding his future, The Michigan Daily is reporting.

Threet's father told the Michigan student newspaper his son would release a statement but did not say whether Threet had decided to transfer.

Threet emerged as Michigan's primary starter last year, leading the team in passing yards (1,105) and touchdowns (9). Though he struggled in Rich Rodriguez's offense, he started eight consecutive games before an injury cut short his season.

A transfer would be somewhat surprising, given that Threet was expected to compete for the starting job in spring practice, which begins March 14. Then again, Michigan's 2009 recruiting class features quarterbacks Tate Forcier and Denard Robinson, both of whom fit Rodriguez's offense better than Threet or Nick Sheridan appeared to in 2008.

Still, Threet would have an experience edge over a true freshman. And he already has transferred once before, from Georgia Tech to Michigan before the 2007 season.

Stay tuned to the blog Monday morning for more updates on this situation.