The news has just broke that would be No. 1 overall pick has decided to stay in school and return to Stanford next season. This news was reported by both Adam Schefter and Jason La Canfora.
The Carolina Panthers were set to draft Luck if declared for the draft but the sudden turn of events will have a large impact on the 2011 draft. Some where Jimmy Clausen is celebrating.
One other thing to consider is that Jim Harbaugh returning to Stanford cannot be ruled out at this point. Despite the huge offer from the Dolphins, they have yet to accelerate the coaching change process by setting up an appointment with a minority coach to meet the Rooney Rule requirement and they still have Tony Sparano as their head coach. There will be more to come on this topic.