Ole Miss sophomore guard Derrick Millinghaus will transfer out of the Rebel basketball program per the EotC (as cited here by NBC Sports). It is not yet known where he will end up, but it isn't unreasonable to believe that the New York native could be heading back northeast.
Millinghaus will likely always be cemented into the collective Rebel basketball fan memory for nailing a driving floater with under two seconds against Missouri in the 2013 SEC Men's Basketball Tournament. That shot won the game for Ole Miss and put them on track to win the 2013 SEC Tournament Championship and earn a spot in the big dance for the first time since 2002.
Basketball heroics of yesteryear aside, however, this move does make perfect sense for Millinghaus. He averaged just 5.9 points and 2.0 assists during his two years in Oxford, spending much of his time on the bench. He was also pretty heavily chided by Ole Miss fans as a defensive liability, a stance which I myself won't attempt to argue against. His lack of playing time coupled with the incoming guard talent, namely Stefan Moody, made it clear that he simply didn't have much of an opportunity to earn significant time on the floor in a Rebel uniform.
Best of luck to Derrick in wherever life takes him at this point. We wish him the best.