Michigan quarterback Wilton Speight will move on to play his final year of college football as a graduate transfer and can play immediately.

Now the quarterback competition at Michigan seems to be focused on two young players, redshirt freshman Brandon Peters, who made three starts this season before suffering a concussion that prevented him from playing in the regular-season finale, and freshman Dylan McCaffrey, who redshirted this year.

Speight, the Wolverines’ starter last season and the first four games this season before suffering three fractured vertebrae that prevented him from playing the rest of the year, revealed via social media on Sunday his plans to move on. He was among 33 fourth- and fifth-year seniors honored during “Senior Day” on Saturday before the Ohio State game.

“Thank you, Michigan,” Speight wrote in an Instagram post that he also shared on Twitter. “These past 4 years have been nothing short of spectacular. Enrolling in January of 2014 as a kid from Virginia I didn’t know what to expect. Four years later I leave a Michigan Man.”

Speight, who was cleared to throw in practice the last two weeks but could not take contact, thanked the Michigan fans who stuck with the team “through thick and thin” and thanked former Michigan coach Brady Hoke who gave “a kid with no offers a chance” for recruiting him to Michigan.

And Speight thanked current Michigan coach Jim Harbaugh.