ESPN: Penny Hardaway agrees to Memphis deal

Penny Hardaway

MEMPHIS, Tenn. — The University of Memphis basketball program may have a new basketball coach.

According to ESPN, the former Tiger star has officially agreed to a deal to become the next head coach for the men’s program.

The news comes just a week after former head coach Tubby Smith parted ways with the university. Attendance was dropping in what proved to be an “up and down” season.

“I appreciate the opportunity to have led the University of Memphis basketball program for the last two years. I’m proud of the work my staff and I have done to serve the players, the school and the community in leading us to a 21-13 season this year,” Smith said in a released statement.

“After 39 years in college coaching, I know that change happens, and I wish the University and the team the best as they pursue a different direction. As a lifelong competitor I believe the game never ends, and I’ll be exploring my next move on and off the court in the coming weeks.”

Now the torch appears to be passing to Hardaway.

The former Tiger and NBA alum just led East to its third straight AAA State title over rival Whitehaven over the weekend.

Hardaway is expected to be named introduced as Smith’s replacement at the University of Memphis on Tuesday.

This is a breaking news story.