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Penny Saved

It appears there will be a Year Four of the Penny Hardaway Era 2.0 at the University of Memphis.

Exhale, Memphis.

It appears there will be a Year Four of the Penny Hardaway Era 2.0 at the University of Memphis. After exchanging winks with the NBA’s Orlando Magic last month, the living face of Tiger basketball retains his office at the Laurie-Walton Family Basketball Center on Getwell. As a statue of Larry Finch is literally rising outside that facility, Hardaway continues his quest to return a long-proud program to a place where far more than an NIT championship will be celebrated.

How close did Hardaway come to leaving? When an interview is part of the equation, that’s close enough for Tiger fans, boosters, and sponsors. Enough to raise blood pressure, even as the Mid-South summer seems to slow movement of any kind to a lazy crawl. Hardaway had some very special seasons as a player with Orlando — he was twice named first-team All-NBA and helped the Magic to the 1995 Finals — so a fit exists, even if it crosses a couple of basketball generations. Having never coached a game in the NCAA tournament, Hardaway’s credentials for an NBA job — on paper — may seem thin. But he would sell tickets and sponsorships in Florida just as he has here in Memphis.

Some have insisted Tiger basketball would be fine had Hardaway left. It’s an institution, larger than any individual, larger even than The Guy. Finch himself received a pink slip (after 11 seasons as head coach) on the concourse of The Pyramid. Legends expire, particularly in a time where patience is nonexistent, where popularity is today’s Twitter trend, where a game-changing recruiting class spends no more than a season together. Had Hardaway left, well, next man up.

I’m not sure that would be the scenario here in Memphis, not with a premature farewell from Penny Hardaway. Think about how much Hardaway loves University of Memphis basketball, how much he adores his hometown. He could live anywhere in the world he chooses, but has kept a home in the Bluff City. When he was named head coach in 2018, there was a “finally!” feeling at the Laurie-Walton press conference but, more generally, throughout the city. We had Our Guy, and Our Guy had embraced us. If he had left after only three seasons, and with nothing to show but that NIT hardware? Over the course of a lifetime, you’ll have people give up on you, or seek greener pastures. And you move on. But when that perfect match — you know it’s perfect — proclaims things aren’t right? That kind of cut leaves a scar.

So exhale, Memphis. And back to work for Penny Hardaway. Instead of trying to rebuild the Magic (Orlando finished 14th among 15 Eastern Conference teams last season), Hardaway will study his own revamped roster — bye-bye Boogie Ellis and D.J. Jeffries, hello Johnathan and Chandler Lawson — and plot a course toward the Tiger program’s first Big Dance since, gulp, 2014. Instead of chasing the Milwaukee Bucks, Atlanta Hawks, and Philadelphis 76ers, Hardaway must close the gap with the University of Houston. (The Cougars reached the 2021 Final Four, remember.) That’s Penny’s challenge, really, in summation. Do for Memphis what Kelvin Sampson has done in east Texas. And frankly, it’s a lower hurdle to leap than the one (the many) he’d face in the NBA.

Penny Hardaway is still Our Guy. As he reaches a life milestone — Hardaway turns 50 on July 18th — the “kid” from Binghampton remains the personification of all that is wonderful about Tiger basketball. Temptations are part of the mix for a man with Hardaway’s profile. But making the right relationship work brings rewards of a rare and distinctive kind. There’s reason to believe University of Memphis basketball is getting closer to such a prize.

By Frank Murtaugh

Frank Murtaugh is the managing editor of Memphis magazine. He's covered sports for the Flyer for two decades. "From My Seat" debuted on the Flyer site in 2002 and "Tiger Blue" in 2009.