Tyrann Mathieu: Star CB Reportedly to Announce Transfer on Wednesday

Tyrann Mathieu will not be playing in Death Valley next season after being dismissed from Louisiana State, and his new destination has not yet been confirmed. 

According to Times-Picayune reporter Jim Kleinpeter, Mathieu will announce his new school/squad this week:

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Former #LSU CB Tyrann Mathieu will announce his transfer decision on Wednesday. #secfootball. nola.com/lsu/index.ssf/…

— Jim Kleinpeter (@JimKleinpeter) August 14, 2012"

UPDATE: Tuesday, August 14 at 3:05 p.m. ET by Ian Hanford

Wednesday has not arrived yet, so it's impossible to tell for sure, but ESPN's Joe Schad reported via Twitter on Tuesday that Mathieu's family isn't so sure about the former Tigers' decision timeline:

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Tyrann Mathieu's family says in statement they they are "taking the time to heal." They do not expect football announcement Wednesday.

— Joe Schad (@schadjoe) August 14, 2012"

Obviously it's just a matter of time before heads or tails is made of this situation, but this is a new development compared to Kleinpeter's report from Tuesday morning's early hours.

Stay tuned. As information surfaces, you will find it here.

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ESPN's Joe Schad had reported that Mathieu was contemplating sitting out the season and returning to the program in 2013 if possible. But, according to his source, "the possibility of Mathieu wearing the Tigers' purple and gold again 'wouldn't be happening,'" writes Kleinpeter.

Kleinpeter continues, "The same source said the reason for the dismissal was multiple failed drug tests and that the plan all along was to transfer to a Football Championship Subdivision (Division I-AA) school, play his junior season and focus on the NFL draft in April."

There's no doubt that Mathieu will take a step back in terms of competition and overall prestige. LSU is prime-time football, and the SEC is the cream of the college football crop. 

While we don't know Mathieu's specific intentions, LSU beat reporter Randy Rosetta gave us an idea on Monday:

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Source close to the #LSU FBL program AND Tyrann Mathieu says only schools he is serious about for transfer are McNeese St. and Nicholls St.

— Randy Rosetta (@RandyRosetta) August 14, 2012"

Mathieu's best options may lie with Nicholls State and McNeese State. He's already proven himself against top-caliber competition, and NFL scouts already have a pretty good idea of what they're going to get from the "Honey Badger." 

Transferring to an FCS school would give Mathieu a chance to play right away, and making this decision on Wednesday would give him more time to acclimate himself to his new surroundings. He's obviously going to be a tremendous name and game-changer wherever he lands, and that's going to take some adjusting for everyone involved.

The cornerback's dismissal by Les Miles and the Tigers program sent shockwaves through the college football world. The 2011 Heisman finalist is a special player with a reputation that is unmatched on the defensive side of the football.

Now it appears one lucky FCS school will get a new toy to play with next season. 

Stay tuned to Bleacher Report for all the latest on this unexpected situation.