Memphis superstar James Wiseman -- the projected #1 pick in the 2020 NBA Draft -- has been ruled ineligible once again ... after the player withdrew his lawsuit against the NCAA.
The story has been a back-and-forth since the NCAA initially revoked his eligibility on Friday, claiming ex-NBA star and current Tigers coach Penny Hardaway violated rules by providing $11,500 in moving expenses to Wiseman's family in 2017.
The 18-year-old immediately filed a court order which temporarily halted the suspension and allowed him to play for Memphis while the legal battle raged on last week -- but now Wiseman has waved the white flag.