Basketball prospect Josh Martin to transfer

Highly touted basketball recruit Josh Martin has withdrawn from Seattle (Wash.) Seattle Prep, his mother, Debbie, confirmed Monday.

Martin’s family owns a small business and, after considering the economy’s current climate, his parents decided to take the 6-foot-7, 210-pound power forward out of private school.

“The reality is that it’s no longer financially feasible for us to send Josh to private school,” Debbie said.

The family is in the process of moving, but has yet to find a house, so it is unclear which public school Martin will attend this year.

“I have nothing but the kindest things to say about Seattle Prep,” Debbie said. “It was a loving community that supported our family well. It had a great staff and Josh had a great experience. It was a wonderful education for Josh and he will take with him the rigor and excellence that he got there.”

The three-star recruit has a Washington offer and plays AAU basketball for Friends of Hoop.