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AP source: Memphis to announce Penny Hardaway as next coach

Former Memphis All-American Penny Hardaway is heading back to his alma mater —as its men's basketball coach.

Memphis will announce Hardaway as its next coach on Tuesday, said a person familiar with the situation. The person spoke to The Associated Press Monday on condition of anonymity because Memphis hasn't publicly announced the hire. Memphis has scheduled a news conference for Tuesday.

The 46-year-old Hardaway replaces Tubby Smith, who was fired after going 40-26 in two seasons with Memphis.

Hardaway is a four-time NBA All-Star and three-time All-NBA player who will be making his college coaching debut with the Tigers. He has been coaching for years with his own...