The Racine, Wis., native wasn't going to receive a scholarship in 2013-14 based on the size of the current incoming recruiting class.
"We are grateful for all the energy and work Jake put in our program while he was here," head coach Buzz Williams said. "He was a great teammate, and I am thankful for my relationship with Jake and his entire family. As a graduate student, he is looking for a new opportunity, and we are all in complete support of that."
"My decision wasn't based on whether or not I had a scholarship for next season," Thomas said. "Buzz had explained to me when I first got here that a scholarship for my third year was unlikely. I just want to have my last year of college basketball be at a program where I can play significant minutes and contribute to a team.
"My two years at MU have been some of the best of my life and I have loved the opportunity to be closer to my family, Thomas added. "All of the coaches at MU have been helpful during this process and understand my situation."