Memphis and basketball coach Penny Hardaway agreed to a five-year contract extension, the school announced Monday.
The new deal runs through April 15, 2026, and will pay Hardaway $2.325 million for each of the first two years, beginning April 16, 2021; $2.5 million a year in Years 3 and 4; and $2.6 million in the final year of the pact.
Memphis hired Hardaway on March 19, 2018, to coach his alma mater. He has a 48-27 (.640) record and led the Tigers to back-to-back 20-win seasons in his first two campaigns.
“Coach Hardaway has rejuvenated Memphis basketball and has shown tremendous leadership in the Tigers program,” athletic director Laird Veatch said. “He has had top-ranked…
Keep on reading: Memphis Tigers, Hardaway agree to five-year extension