A formal release from the school is expected this week. Once a release is official, schools are allowed to contact the player.
Sanders met with new coach Steve Donahue and the two agreed it would be best if Sanders continued his career elsewhere.
Sanders, who is from Pawtucket, R.I., told the staff that he might go to Providence or Rhode Island, but multiple sources confirmed that Sanders likely will end up at Fairfield, sitting out under former BC assistant and current Fairfield head coach Ed Cooley.
Sanders would have one season to sit and then one to play.
Sanders averaged 11.3 points a game for the Eagles last season. He averaged 12.9 points as a sophomore. Sanders was hampered by a sprained ankle against Saint Joseph's in the third game of the season after being suspended for the first two games.
Sanders then didn't play for the next six games because of the high ankle sprain. He never quite found his rhythm last season as the Eagles struggled, but he had his moments, scoring 22 points against South Carolina and 14 in a win over North Carolina.
The 6-foot-5, 228-pound Sanders would be a hit for the Stags in the MAAC in 2011-12, if he were to end up playing there for Cooley.
Andy Katz is a senior writer who covers college basketball for ESPN.com.