So … this is sort of weird.
The “Trevor Knight is transferring” news was leaked on Thursday and then OU went full-court press on Friday to confirm and get ahead of the story (kind of). Somewhat surprisingly, they granted him a full release. He can apparently even transfer to a Big 12 school (even though he still might not transfer at all).
Both Stoops and Knight indicated that a transfer is not a forgone conclusion for the OU captain, and that Knight would remain with the Sooners at least through the College Football Playoff.