It was reported yesterday that Waters has asked to be released from his scholarship so that he could transfer. He was granted his request. His family was pretty upset that he was redshirted this past season, and they have said some pretty nasty things about the Lobo program and Albuquerque. His uncle was upset because the Lobo's starting RB this season is a New Mexico native, and his experience playing High school ball in NM doesn't come close to Waters' experience since he played HS ball in Tx.
Waters' uncle and brother have been posting on TheRedMenace.com since Amadeus commited to UNM.
I think this is a case of a kid's family giving him crappy advice. I hope they know what they are doing. Waters had a good shot at real playing time next season, now he will have to sit out a year.
He won't have to sit out neaxt year if he goes to 1AA, I believe. If what you're saying is true, he may be headed to Texas State, which is just down the road.