Penny Hardaway Says He Could Contribute Up To $2.6 Million to Memphis Basketball
Memphis men's basketball coach Penny Hardaway has stated his willingness to pay up to $2.6 million of his own money towards the program's revenue-sharing total to help assemble a competitive roster.
Minot Bismarck Dickinson, ND, October 13, 2026 —
Memphis men’s basketball coach Penny Hardaway has said he is willing to contribute as much as $2.6 million of his own money toward the program’s revenue-sharing total, with the stated aim of helping assemble a competitive roster.
The figure describes the maximum amount Hardaway says he would be willing to pay. The available information does not establish whether he has made any payment, committed to a specific contribution, or identified when funds might be provided. It also does not specify how the money would be allocated among players or other parts of the program.
Revenue-sharing is the stated purpose for the proposed contribution, but details about the structure of Memphis’ total, the other sources of funding, and the roster plans connected to it were not provided. No specific players or recruiting targets were identified.
The statement places Hardaway’s personal willingness to contribute alongside the program’s effort to assemble a competitive roster, but the information provided does not describe the team’s current roster or explain how the proposed amount compares with other programs’ spending.
The circumstances in which Hardaway made the statement, including its date and setting, were not provided. Further details about whether the contribution will proceed, its terms, and its effect on Memphis’ roster remain unclear based on the information available.
Story summarized from the original created by Associated Press on www.kxnet.com, see more information here.
