The Memphis Tigers announced on Thursday that they hired Tubby Smith as their head coach for men's basketball. "Smith's contract with the Tigers is worth $15.45 million over five years, including $2.8 million in 2016-17, $2.9 million in 2017-18 and $3.25 million in the final three years," Memphis revealed.
President M. David Rudd released a statement on the hiring: ""A historic hire for the University of Memphis. He is the most accomplished coach the UofM has ever hired. For the University of Memphis and our basketball program, Tubby Smith is simply the right guy at the right time.