Penny Hardaway says he gave Memphis $2.6 million for revenue sharing

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  Memphis coach Penny Hardaway said he contributed $2.6 million of his own money toward the team’s revenue sharing for the 2026-27 season.

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  He said Memphis’ total revenue-sharing amount for the season is $9 million.

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  Hardaway said the university did not ask him to contribute, but told him that more money would require him to put in his own funds.

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  The Tigers finished 13-19 last season and missed the NCAA Tournament for the first time since 2024.

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  Memphis added nine transfers and four-star guard Fred Smith Jr. during the offseason.

Who

Penny Hardaway, Memphis’ head coach.

What

He said he contributed $2.6 million of his own money toward the team’s revenue sharing.

When

For the 2026-27 season; he announced it on Monday, Oct. 12, 2026.

Where

At American Conference Media Day in Tampa.

Why

He said the team told him that more money required him to put in his own funds. He also said he did not want the team to fail two years in a row.

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