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University of Texas athletic director Chris Del Conte announced Friday that junior guard Eric Davis Jr. will be held out of games "until further notice" for "precautionary reasons."

Matt Norlander of CBS Sports tweeted Del Conte's statement on the matter:

The decision came on the heels of Pat Forde and Pete Thamel of Yahoo Sports releasing a report regarding corruption in college basketball on Friday. Davis was named as a potential recipient of improper benefits.

In federal documents obtained by Forde and Thamel, it is alleged that Davis received $1,500 from agency ASM Sports.

Per Brian Hamilton of Big Ten Network, Texas head coach Shaka Smart commented on the situation, saying, "I became aware of the report late last evening. I had no previous knowledge of the alleged extra benefit described in the report."

Davis ranks sixth on the team this season with 8.8 points per game. He is also averaging 2.4 rebounds per contest and is shooting 34.8 percent from three-point range.

The Longhorns are already shorthanded in the backcourt, as guard Andrew Jones is out while receiving treatment for leukemia.

With Davis out, junior Kerwin Roach II and freshman Matt Coleman will likely log heavy minutes.