Penny Hardaway contributes $2.6 million to Memphis revenue sharing

At American Conference Media Day on October 12, Memphis head coach Penny Hardaway revealed he contributed $2.6 million of his own funds toward the Tigers’ $9 million revenue sharing for the 2026-27 season. Memphis, which finished last season with a 13-19 record, missed the NCAA Tournament for the first time since 2024. In an effort to revive the program, Hardaway has retooled the roster, bringing in nine transfers and one top recruit. Other coaches have similarly redirected funds toward revenue sharing, including DePaul's Chris Holtmann and Utah State's Jerrod Calhoun, who previously donated to his program's NIL fund.

• 6:03 PMCBS Sports — Penny Hardaway says he contributed $2.6 million of his own money to Memphis' $9 million revenue sharing