Is Academy Elite legal in Standard, Modern, and Commander?

Academy Elite is legal in: Legacy, Vintage, Commander.

Academy Elite

Q: What type of card is Academy Elite?

Academy Elite is a Creature — Human Wizard. Its oracle text reads: "This creature enters with X +1/+1 counters on it, where X is the number of instant and sorcery cards in all graveyards. {2}{U}, Remove a +1/+1 counter from this creature: Draw a card, then discard a card."