10:02am: The official word from Kentucky is that none of their underclassmen have finalized their decisions yet, reports Adam Zagoria of SNY.tv. The NBA's early-entry deadline is April 29th, so Jones and his fellow Wildcats still have a couple weeks to formally announce their decisions.
9:32am: Kentucky sophomore Terrence Jones will forgo his final two seasons of NCAA eligibility and declare for the NBA draft, tweets Dan Rieffer of ABC 36 in Lexington. An official announcement could come as soon as tomorrow, according to Rieffer.
Listed 11th overall among this year's draft prospects by DraftExpress.com, Jones still ranks behind two Wildcats teammates, Anthony Davis and Michael Kidd-Gilchrist. Neither Davis or Kidd-Gilchrist have officially entered the draft yet, though it would be a huge surprise if either of them played another season at Kentucky.
Jones, who is ranked eighth overall by ESPN.com's Chad Ford, averaged 12.3 points and 7.2 rebounds in 29 games for the national champion Wildcats this season.