Derrick Millinghaus will transfer from Ole Miss.

The sophomore point guard has been given his release, coach Andy Kennedy confirmed.

Millinghaus Tweeted Wednesday morning that it was “time to open up another chapter.” He did not indicate his future plans.

Millinghaus played in 30 games last season for the Rebels (19-14), averaging 6.6 points and 2.3 assists in 18 minutes a night. But he was suspended for three games late in the season for what was termed a violation of team rules by Kennedy.

When Millinghaus returned he was barely in the rotation, playing 14 minutes between the team’s regular season finale and two SEC tournament games. It was a continuation of a trend for Millinghaus, who started nine games of Ole Miss’ first 15 games and played more than 20 minutes in 12 of those contests. But after going 5-of-17 from the floor in 37 minutes against Mississippi State on Jan. 11, Millinghaus played 20 minutes in just more game.

Millinghaus will still be known forever in Ole Miss lore for his play in the 2013 SEC tournament, making a floater in the final seconds to defeat Missouri in Ole Miss’ first game. Had that shot not gone down, Ole Miss’ season ends in Nashville. Instead the Rebels won their next three games, including the SEC tournament championship and a first-round NCAA tournament game.