Anfernee "Penny" Hardaway is returning to basketball, only this time as the head coach at his alma mater, Memphis. And rumors of his replacement held true when Memphis hired Penny Hardaway, who was reportedly a candidate two years ago when Smith replaced Josh Pastner.
Succeed or fail, the city of Memphis will always owe a debt to Penny Hardaway. The announcement will be broadcast live on WMC Action News 5. Tubby failed to qualify for the NCAA Tournament during his tenure there.
The Memphis native played at Treadwell High School before going to then-Memphis State remains very popular in his hometown.
The Legends will still run on the Nike EYBL and feature the top rising senior in the country James Wiseman, who starred for Hardaway this season at Memphis East.More news: 2 weeks before death, Stephen Hawking predicted that world would end
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Smith was sacked last week after just two seasons and walks away with a $9.75 million buyout, one of the largest in college sports history.
Hardaway spent 15 years in the National Basketball Association and finished his career with four All-Star Game appearances.
As for his staff, CBSSports' Gary Parrish reported Hardaway would "likely target" Hall of Fame coach Larry Brown.
Former Grizzlies star Mike Miller, former Memphis player and Ole Miss assistant Tony Madlock, and former Memphis and current Virginia Tech assistant Steve Roccaforte are other names that have been mentioned as possibilities to join Hardaway's staff.