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AP source: Memphis to announce Penny Hardaway as next coach

The person spoke to The Associated Press Monday on condition of anonymity because Memphis hasn't publicly announced the hire. Memphis has scheduled a news conference for Tuesday to introduce its next coach.

Credit: Kim Klement

Jan 20, 2017; Orlando, FL, USA; Orlando Magic CEO Alex Martins inducts Penny Hardaway into the Orlando Magic Hall of Fame during the first half against the Milwaukee Bucks at Amway Center. Mandatory Credit: Kim Klement-USA TODAY Sports

A person familiar with the situation says Memphis will announce Penny Hardaway as its men's basketball coach Tuesday.

The person spoke to The Associated Press Monday on condition of anonymity because Memphis hasn't publicly announced the hire. Memphis has scheduled a news conference for Tuesday to introduce its next coach.

The 46-year-old Hardaway replaces Tubby Smith, who was fired after going 40-26 in two seasons with Memphis.

Credit: Bob Donnan, Bob Donnan

Feb 14, 2015; New York, NY, USA; Team Westbrook legend Penny Hardaway (1) and Team Westbrook forward Tamika Catchings of the Indiana Fever (24, right) high-five during the 2015 NBA All Star Shooting Stars competition at Barclays Center. Mandatory Credit: Bob Donnan-USA TODAY Sports

Hardaway is a four-time NBA All-Star and three-time All-NBA player who will be making his college coaching debut with the Tigers. He has been coaching for years with his own AAU program, Team Penny, and won his third straight Tennessee high school championship at Memphis East last weekend.