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The 6-foot-10 Boone said he has not hired an agent, giving him the option of changing his mind and returning for his senior season.
Boone has averaged nine points, seven rebounds and two blocked shots during his three seasons at UConn.
He spent most of that time playing behind current NBA stars Emeka Okafor and Charlie Villanueva."Over the last three years at Connecticut, I have played with, and against, the highest level of competition in college basketball. I feel now is the time for me to explore the option of testing my basketball skills against the best players in the world," Boone said in a statement.
UConn Coach Jim Calhoun said he supports Boone's decision to explore his options.
"He has been and will continue to be a member of our basketball family, and we will always be here to help Josh work through this process and arrive at the best decision for everyone involved," Calhoun said in a statement.
Two other UConn underclassmen could enter the draft. Sophomore swingman Rudy Gay has been projected as a top-five pick, and junior point guard Marcus Williams is considered one of the top playmakers in the nation.They face an April 29 deadline to declare for the draft.
Boone has until June 18 to withdraw from the draft, which will
take place on June 28.