According to multiple reports, he has declared himself eligible for the NFL draft. Personally, I think he could stand to benefit quite a bit from another year at OU but I seriously doubt he cares what I think. Not sure of the logic in being projected as a 2-3 rounder other than it might be as simple as seeing Bradford and Gresham on our sideline all year. At the same time it's hard to question these kids who have an opportunity to make a lot of money and choosing not to risk the threat of injury by coming back for another year. Nothing but the best of luck to a great local kid who had a solid career at OU! Good luck Dom!
As a side note, this could be the first domino to fall regarding OU early entrants. I think Murray is the most likely to follow Franks, but I don't think anyone else is leaving. However, there is a slight chance that this triggers Beal or Travis Lewis to leave as well (I really, really, really hope that doesn't happen)