Penny Hardaway Net Worth: $50 million
Salary: 2.45 million dollars
Penny, Anfernee Hardaway Anfernee “Penny” Hardaway is a retired American professional basketball player who held the position of point guard and has a net worth of $50 million dollars. He is best known for his contributions to the Orlando Magic alongside Shaquille O’Neal, but he also had a long and successful career with the Phoenix Suns, New York Knicks, and Miami Heat.
Anfernee “Penny” Hardaway was born in Memphis, Tennessee on July 18, 1971 to Fae Hardaway and Eddie Golden. Hardaway got his nickname after his grandmother called him “Pretty” in a southern drawl, which sounded like “Penny” He was named Parade Magazine National High School Player of the Year as a senior at Treadwell High School in Memphis, where he averaged 36.6 points, 10.1 rebounds, 6.2 assists, 3.9 steals, and 2.8 blocks.
Hardaway’s college basketball career began at the University of Memphis, where he majored in Education and graduated with a 3.4 cumulative GPA. Hardaway forewent his senior year to enter the NBA Draft in 1993.
Hardaway was chosen third overall in the first round of the 1993 NBA Draft by the Golden State Warriors, but he was traded to the Orlando Magic along with three future first-round picks.
Hardaway began his NBA career as a shooting guard, but it was quickly discovered that Penny would excel as a point guard, thanks to the guidance of renowned veteran point guard Scott Skiles. Hardaway took over for Skiles in the middle of the season and had an immediate positive impact on the team and the league. During the inaugural Schick Rookie Game, he was named MVP.
Hardaway aided the Magic and was instrumental in their first playoff appearance as well as their first season with 50 or more wins. Hardaway averaged 16 points per game, 6.6 assists, and 5.4 rebounds. He was sixth in the league with 190 steals that season. Hardaway was named to the NBA All-Rookie first team and finished second in the Rookie of the Year voting — Chris Webber was the winner that year.
The Magic won 57 games in the 1994–95 NBA season, and Hardaway averaged 20.9 points, 7.2 assists, and 4.4 rebounds. He also continued to contribute significantly on defence, averaging 1.7 steals per game. Penny was a starter for the East team at the NBA All-Star game that year, and he was named to the All-NBA First Team. Along with Shaquille O’Neal, Hardaway made a name for himself during their second-round victory over the legendary Chicago Bulls. Hardaway and O’Neal led the Magic to the NBA Finals, but the Houston Rockets swept them. Even in the face of what some might call an embarrassing team result, Hardaway would average 25.5 points, 4.8 rebounds, and 8 assists while shooting 50% from the field in this series.
Hardaway’s most productive years were spent with the Orlando Magic and the Phoenix Suns in the early stages of their careers. Early in his career, Hardaway was an All-NBA player. He was a member of the New York Knicks from 2004 to 2006, and the Miami Heat released him on December 12, 2007.
Penny agreed to coach the Memphis Tigers college basketball team in March of 2018. Penny used to coach his son Jayden for the Tigers.
Penny signed a five-year contract extension worth $12.25 million with the Memphis Tigers on December 21, 2020. His annual salary is $2.45 million on average.
Hardaway appeared in the college basketball feature film “Blue Chips” (1994), directed by iconoclastic filmmaker William Friedkin, alongside Shaquille O’Neal on the big screen as well as on the big stage. In what has become an iconic sports film, both players played college freshmen at a fictional university.
Hardaway was a part of the popular Nike advertising campaign “Lil Penny” in the mid to late 1990s, which featured his alter ego puppet, which was voiced by comedian Chris Rock.
In 2016, Hardaway appeared in and was featured in the ESPN 30 for 30 documentary “This Magic Moment” which focused on the Orlando Magic teams led by Hardaway and O’Neal during the mid-1990s.
Penny Hardaway earned $120 million in salary alone before taxes and lifestyle fees during his NBA career. He also made around $20 million from various endorsements.
Penny has two daughters and a son in her personal life and real estate. Penny paid $4.25 million for an 11,000-square-foot mansion in Memphis in September 2019.
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