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Holt was dismissed from Indiana's basketball program Monday, Terry Hutchens of Btown Banners reports.
Forbes scored 17 points as the Spartans lost to the Italian national team in an exhibition game on Saturday.
Valentine scored a team-high 21 points as the Spartans lost to the Russian national team in an exhibition game on Friday. He put in 16 points in the second quarter.
Gill-Caesar will transfer to San Diego State, CBS Sports reports.
Jones has been dismissed from the Wake Forest basketball program, SCACCHoops.com reports.
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