Memphis fires Tubby Smith, could be replaced by Penny Hardaway

Smith is out after just two years at Memphis.
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Tubby Smith's long and storied coaching career finished a new chapter on Wednesday as he was fired by the University of Memphis. 

The ex-Gophers head coach was fresh off a 21-win season but failed for a second consecutive year to get Memphis into the NCAA Tournament. 

Memphis' decision to oust the 66 year old comes about a week after Smith went on an impassioned rant about the number of college players who transfer from school to school in search of playing time, calling those types of players "quitters." 

According to ESPN, Smith might be replaced by former NBA player Anfernee "Penny" Hardaway, who starred in Orlando with Shaquille O'Neal in the early- to- mid-90s. Hardaway is a currently a coach at a high school in Memphis. 

Smith won't go home broke, however, as Memphis had to buy him out for a whopping $9.75 million, according to CBS Sports

Smith coached the Gophers from 2007-2013 and was fired after Minnesota's NCAA Tournament loss to Florida in the Round of 32. 

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