They made the announcement Tuesday.
Born to parents of Lithuanian descent in Mississauga, Ont., the 20-year-old Stauskas played locally at Loyola Secondary before finishing out his high school career at prep schools in the U.S.
After a solid freshman season averaging 11 points, the 6-foot-6 Stauskas took another step this season to earn Big Ten player of the year honours. The shooting guard amassed 17.4 points per game with 3.3 assists and 3.1 rebounds.
After finishing as runner-up in the 2013 NCAA tournament, Michigan was eliminated in the "Elite Eight" round last month.
Backyard video of Stauskas draining three-pointers travelled virally beginning in 2012, attracting the attention of hundreds of thousands, including NBA sharpshooter Steph Curry, who challenged him to a contest.
Robinson is the son of the first overall pick of the Milwaukee Bucks in the 1994 draft. The elder Glen Robinson went on to play 12 NBA seasons, with stops also in Atlanta, Philadelphia and San Antonio.
Meanwhile, Mitch McGary of the Wolverines has not decided if he will stay in school or go pro. McGary was not made available for interviews after his teammates had a news conference.