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Valparaiso's Alec Peters has withdrawn from the NBA Draft

Now Peters must decide whether to return to Valpo or transfer

Brad Penner-USA TODAY Sports

Valparaiso forward Alec Peters has withdrawn from the NBA DraftESPN's Jeff Goodman reported on Thursday.

The deadline for college players to withdraw and retain their eligibility came and went Wednesday night with fans still waiting for an official announcement.

Although the rising senior is on his way back to school, it does not necessarily mean he will return to Valparaiso. Peters has graduated and can transfer to another school without having to sit out a year.

In 2015-16, the Washington, Ill. native averaged 18.4 points and 8.5 rebounds per game while leading the Crusaders to the NIT championship game. If he returns and Keith Carter is somehow granted another year of eligibility -- the school is reportedly still holding out hope -- the Crusaders should be an easy favorite in the Horizon League and could have more than just a conference championship on their minds under first-year head coach Matt Lottich.

UPDATE: Valparaiso made it official later on Thursday with this release, which stated Peters was withdrawing from the draft, but did not specify what his plans were for next year.