Report: Memphis considering replacing Tubby Smith with Penny Hardaway

Memphis is considering firing head coach Tubby Smith and replacing him with Penny Hardaway, according to a report Tuesday by CBSSports.com.

Hardaway, who played for the Tigers from 1991 to '93 before becoming a four-time NBA All-Star, currently coaches East High School (Memphis, Tenn.) and runs the Team Penny AAU program on the Nike EYBL circuit. He coaches ESPN 60 No. 1 junior James Wiseman at East, as well as five-star junior Chandler Lawson (No. 26). Five-star junior D.J. Jeffries (No. 17) plays for Team Penny.

As it stands, Memphis is not considered a threat to land any of those three prospects, which is one of the reasons the Tigers are considering a change, sources told ESPN. Smith went…