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Memphis, Penny Hardaway Finalize Contract Extension

MEMPHIS, Tenn. – The University of Memphis and head men's basketball coach Penny Hardawayhave agreed to a contract extension spanning six seasons at a total of $16,500,000 plus incentives. The contract updates the memo of understanding agreed upon in Dec. 2020 and runs through April 15, 2028.

In four seasons at the helm of the program since 2018-19, Hardaway has amassed an 84-43 record, four-straight 20-win seasons and the 2021 National Invitation Tournament championship in addition to a 2022 NCAA Tournament appearance. The Tigers finished last season with a 22-11 record and the program's first NCAA Tournament appearance since 2014.