"Eric McClellan was dismissed from the Vanderbilt basketball team today by coach Kevin Stallings," the school announced in a news release. "McClellan will not be a part of the program in the future, based upon newly discovered information that came to light Wednesday evening."
A source told ESPN.com's Jeff Goodman that Vanderbilt factored in McClellan's earlier arrest on Sept. 17 for a misdemeanor charge of theft under $500, which also came to light Wednesday night. He is scheduled to have a court hearing on Feb. 12, The Tennessean has reported.
"I was informed [by McClellan] on Wednesday night that an incident occurred, and we are in the process of gathering as much information as we can," Stallings told The Tennessean.
McClellan, who had been averaging a team-high 14.3 points, was suspended for the spring semester, and the school said Wednesday that he was expected to be reinstated this summer.
The sophomore, who transferred to Vanderbilt from Tulsa, had started the first 12 games for the Commodores.
The guard apologized to his family, coaches, teammates and Vanderbilt in a statement issued Wednesday through the university.
"I take full responsibility for what has happened," McClellan said. "I look forward to returning to school this summer and of continuing my goal of earning a degree at Vanderbilt and playing basketball for this coaching staff and with these players."
The Associated Press contributed to this report.