NC State coach Dave Doeren had already said publicly that Florida transfer Jacoby Brissett would be the starter for the next two seasons, and the Wolfpack just signed Jalan McClendon, a four-star pocket passer ranked No. 20 in the country at his position.
Doeren told ESPN.com on Thursday that McClendon was recruited with the plan of being the program's next starter.
"Pete has been a great teammate and a very positive representative of NC State athletics," Doeren said in a statement. "I have really enjoyed coaching him and want him to be successful as a player and in life. Going forward I will do anything I can to help him through his transition as a transfer. He will be missed as a teammate, player and person in our locker room."
The quarterback position was inconsistent for the Wolfpack in 2013, as Thomas and Brandon Mitchell combined for 11 touchdown passes and 15 interceptions. Thomas played in nine games and had four passing touchdowns and nine interceptions. He finished the season ranked ninth in the ACC in passing yards per game (185.2) and in total offense (203.3).
Thomas started 21 games at Colorado State in 2010 and 2011 before transferring to NC State.
"I want to thank Coach Doeren, my teammates and all the fans," Thomas, a communications major, said in a statement. "I have great respect for this staff and I believe they will turn this program around. I'm proud that I will earn my degree from such a great university."