Penny Hardaway Reportedly Willing to Contribute Up to $2.6 Million to Memphis Basketball
Memphis men's basketball coach Penny Hardaway is reportedly willing to contribute up to $2.6 million of his personal funds towards the program's revenue-sharing costs to help build a competitive team.
Dothan, AL, October 13, 2026 —
Memphis men’s basketball coach Penny Hardaway is reportedly willing to put up to $2.6 million of his personal money toward the program’s revenue-sharing costs, with the stated aim of helping build a competitive team.
The reported amount is a maximum contribution, not a confirmed payment. The information provided does not say whether Hardaway has committed funds, how much might ultimately be contributed, or when any payment could occur.
Details about the program’s revenue-sharing costs were not provided. The available information also does not identify the source of the report or explain how the proposed contribution would be allocated. No response from Hardaway or the university was included.
The report frames the potential contribution as support for building a competitive Memphis team. It does not specify which players or expenses could be involved, or whether the funds would be directed to any particular purpose beyond revenue sharing.
For now, the central detail is Hardaway’s reported willingness to contribute as much as $2.6 million of his personal funds. Whether that willingness results in a contribution, and the amount and timing if it does, remain unspecified in the information available.
Story summarized from the original created by Associated Press on www.wdhn.com, see more information here.
