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Memphis Coach Under Fire: $5.9M Buyout Looms
2 Mar
Summary
- Memphis Tigers face their worst season in over 25 years.
- Coach Penny Hardaway has a buyout of at least $5.9 million.
- The team risks missing the conference tournament for the first time.
Penny Hardaway's tenure as Memphis basketball coach is under significant pressure due to the team's current performance. The Tigers are experiencing their worst season in over 25 years, having lost six consecutive games, their longest streak since the 1998-99 season. This slump has placed Hardaway on numerous coaching hot seat lists.
Despite past successes, including NCAA Tournament appearances and conference championships, the Tigers' current struggles and a less-than-stellar March Madness record add to the scrutiny. If Memphis decides to part ways with Hardaway at the end of the season, his contract buyout is estimated to be at least $5.9 million, potentially increasing to approximately $6.15 million due to prorated figures on his deal with two years remaining.
The team's current standing of 10th place in the American Conference standings puts them at risk of not qualifying for the conference tournament, which begins March 11 in Birmingham, Alabama. With only two regular-season games left, their advancement to the NCAA Tournament hinges on winning the conference tournament.
