Stephenson said in a statement posted Friday on UNC's Web site the decision was motivated by health concerns.

"My family is dealing with some health challenges at this time and as a result I have made the decision to transfer to be closer to home," he said. "The two years I have spent as a Tar Heel have been great. My teammates, Coach (Roy) Williams and his staff and the whole Carolina family are the best. I wish to thank the UNC fans for all their support and encouragement."

In two seasons in Chapel Hill, N.C., the 6-foot-9 inch Stephenson played in 75 games with 237 points, 252 rebounds and 45 blocked shots.

"I am extremely, extremely disappointed but I feel so great about Alex that I understand his decision to transfer," Williams said.