Penny Hardaway said Monday in Tampa that he put $2.6 million of his own money into Memphis’ revenue sharing for the 2026-27 season, part of a total package he said sits at $9 million.
At American Conference Media Day, Hardaway told the Commercial Appeal that the Tigers pushed him to get in on the spending if he wanted more resources for the roster.
"They didn't ask me to do it, they were saying if you want more money, you have to put your money in. So I did," Hardaway told Jason Munz of the Commercial Appeal.
"I didn't want to fail two years in a row, because I already know what that means for me. Because it's already like the death sentence for me from so many different people, which is hilarious."
Memphis is coming off a 13-19 season and an 8-10 mark in the American, a finish that kept the Tigers out of the NCAA Tournament for the first time since 2024. The setback added pressure around Hardaway, who had previously taken Memphis to three NCAA Tournament appearances in four seasons before the program’s lowest win total in a single year since the 1999-00 campaign.
The Tigers spent the offseason reshaping the roster, bringing in nine transfers. That group includes Pitt guard Brandin Cummings and Washington State forward Rihard Vavers. Memphis also added four-star guard Fred Smith Jr., who was ranked No. 97 in the 2026 recruiting cycle by 247Sports.
Hardaway’s move fits a growing trend in college basketball, where coaches are increasingly tying their own money to roster-building. DePaul coach Chris Holtmann said at Big East Media Day that he accepted a lower salary in his contract extension so more money could be directed toward revenue sharing.
"Let's change the last couple of years, really for Years 5, 6 and 7, let's change the structure of the contract where I'm making less money," Holtmann said. "I think for me the most important thing is being competitive and in order to be competitive, we need to raise NIL. ...
It was pretty significant that I did that. I told my agent I did it and the AD had agreed to it, and he goes, 'What are you doing?'"
In Other News...
Anthony Evans III Has Mississippi State Watching One Big Record Chase
Anthony Evans III has put Mississippi State in position to watch a record chase unfold over the rest of the season. The sophomore receiver has openly targeted the Bulldogs single-season receiving yards mark, and his start has given that goal real weight. Through five games, Evans has become one of the most productive targets on the roster, piling up catches, yards and touchdowns while giving Jeff Lebbys offense a dependable downfield threat.
What has stood out around the program is how Evans has gotten there. Lebby has pointed to his work ethic, while teammate Sanfrisco Magee has praised the consistency that has made Evans such a steady presence week after week. With seven regular-season games still to play, Mississippi State has a receiver who is not just chasing history but doing it in a way that keeps the conversation alive every time he lines up. [Read more 🡒]
Mississippi State Just Got A Harsh LSU Warning Before Kickoff
The line for LSUs matchup with Mississippi State has moved sharply as kickoff approaches, a sign that the market has grown more skeptical about the Bulldogs chances. LSU opened as roughly a 10.5-point favorite, but that number has climbed to 14.5, with Mississippi State quarterback Kamario Taylors status hanging over the game and shaping how oddsmakers and bettors view the matchup.
For Mississippi State, the concern is obvious: if Taylor cannot go, the Bulldogs offense becomes much harder to project against an LSU defense that already has a strong edge in the matchup. LSU is also coming off an upset loss, which only adds to the urgency around how it responds, but the bigger question for the Bulldogs is whether they can keep the game competitive if their quarterback situation remains unsettled. [Read more 🡒]
Mississippi State Needs Recruiting Momentum Back For Chris Jans
Mississippi States recruiting picture for the 2027 class remains thin as the program keeps working to reset the conversation around Chris Jans and the Bulldogs future. With the staff already looking ahead to the 2026-27 campaign, the push on the trail matters even more after a challenging 2025-26 season, because momentum there can change how the next phase of the roster takes shape.
For now, the class is anchored by combo guard Jacques Mitchell, while the Bulldogs continue to chase top-end talent to build around him. Among the names on the board are five-star prospects A.J. Williams and Lewis Uvwo, and landing either would go a long way toward giving Mississippi State the kind of recruiting boost it needs as Jans tries to get the program back on firmer footing. [Read more 🡒]