Memphis, Tenn. Memphis freshman Derrick Rose announced he was jumping to the NBA Tuesday, the same day coach John Calipari agreed in principle to a contract extension with the school.
Rose capped his spectacular first season by leading Memphis to the national championship game, where they lost to Kansas in overtime.
The 6-foot-3 guard from Chicago averaged 20.8 points in six NCAA Tournament games and will likely be taken with one of the top picks in the draft.
Rose, who helped Memphis to an NCAA Division I record 38 victories last season, said he enjoyed his year in college but is ready to make the leap to the NBA.
"My only regret is not winning a national title for the University of Memphis," Rose said.