HoopsHype Penny Hardaway rumors

March 8, 2014 Updates

Penny Hardaway Shoes: It has been confirmed that the former third round overall pick in the 1993 NBA draft and Nike are cooking something for sneaker heads as the Penny 6 is hopefully on its way out on the market. During an interview with Penny Hardaway in Complex, the former Orlando Magic point guard reveals his still great relationship with the shoe brand Nike. "I have a great relationship. We're still doing contracts and we're working on the Air Penny 6. I'm in a great place, man. Being retired and having not played the game in five or six years and still have shoes coming out in my likeness is a true blessing." K-Pop News

February 10, 2014 Updates
April 15, 2013 Updates

The Orlando Magic are one of the youngest franchises in the NBA, which is a little hard to believe. They've made the NBA Finals twice, and featured some of the best and most iconic players of the past three decades: Shaquille O'Neal, Penny Hardaway, Grant Hill, Tracy McGrady, and Dwight Howard. And yet, the team is only coming up on its 25th anniversary next season. With that in mind, the Magic have unveiled a new logo to commemorate a quarter century of basketball. "This new look provides us an opportunity to reflect on where we've been and look forward to where we are headed," team CEO Alex Martins said in a press release. "Our silver season logo signifies the history we are creating each day—every game, every play, every moment really is history in the making." USA Today Sports

March 10, 2013 Updates

Haiti Prime Minister called on a group of retired NBA players to invest in Haiti Saturday during a philanthropic summit in Miami. The event at the Ritz-Carlton Coconut Grove, was additionally attended by former US President Bill Clinton, who traveled to Haiti on Sunday. Lamothe addressed a group of attendees including former NBA stars including Glen Rice, Penny Hardaway and Haitian-born Olden Polynice, who was recently named a goodwill ambassador by Haiti President Michel Martelly. Caribbean Journal

November 4, 2012 Updates
November 1, 2012 Updates

The Memphis Grizzlies have changed owners officially, and the new bosses want to make clear their commitment to staying in Tennessee very clear. "The Grizzlies are here to stay in Memphis," new Grizzlies chairman Robert J. Pera said. The Grizzlies announced Wednesday that the reported $377 million sale by Michael Heisley had been finalized to a group led by Pera, a former Apple engineer who founded the communications technology company Ubiquiti Networks. The group includes local businessmen, entertainer Justin Timberlake, Memphis native and former NBA player Penny Hardaway, a former U.S. congressman and Ashley Manning, wife of four-time NFL MVP Peyton Manning. ESPN.com

An introductory media conference will be held at 10 a.m. this coming Monday, November 5. Pera and members of the new ownership group will be on hand for their first event at FedExForum to tip-off a new era in Memphis Grizzlies basketball and both media and the general public are invited to attend. For those members of Grizz Nation unable to attend in person, the press conference will be streamed in its entirety online at grizzlies.com. ESPN.com

October 29, 2012 Updates

$377,000,000 -- Final sales price, per sources, of the Memphis Grizzlies from former owner Michael Heisley to a group led by wireless technology entrepreneur Robert Pera. There had been questions about Pera's financial stake after his Ubiquiti Networks wireless equipment supply company reportedly lost tens of millions of dollars in value in recent months, but Pera bolstered his group -- which includes minority ownership stakes by Denver Broncos quarterback Peyton Manning, ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford, Jr. -- with two substantial minority partners who each put up more than $25 million in cash, according to a source. NBA.com

October 25, 2012 Updates
October 23, 2012 Updates

Sources told ESPN.com that one of the key agenda items at this week's two-day Board of Governors session in Manhattan is ratifying the transfer of control of the Grizzlies from the outgoing Michael Heisley to Pera's star-studded consortium, which includes actor/singer Justin Timberlake as well as Denver Broncos quarterback Peyton Manning and wife Ashley. Timberlake and Ashley Manning are native Memphians, as are two more prominent minority owners in Pera's group: Ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford Jr. ESPN.com

October 5, 2012 Updates

NFL quarterback Peyton Manning, wife Ashley, and former NBA player Penny Hardaway have agreed to join the group of minority owners for the Memphis Grizzlies, said a person familiar with the deal. The Mannings and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple of Memphis businessmen, the person told the Associated Press on Thursday on condition of anonymity because prospective buyer Robert J. Pera's purchase of the Grizzlies is pending approval by the NBA. Philadelphia Inquirer

October 4, 2012 Updates
July 14, 2012 Updates
May 20, 2012 Updates

But less than a month after his grandmother's death, Hardaway confirmed what he always suspected -- giving his time is more important than writing a check. First, he volunteered to coach a group of Lester Middle School seventh- and eighth-graders whose coach was battling cancer. The team not only won the state championship with a 27-3 record, but Hardaway's emphasis on academics and discipline resulted in the team grade point average improving from 2.5 to almost 3.0. Then, he became point man for Penny's Fastbreak Courts. It's his youth sports training program that's part of the Gameday Healthy Kids Foundation, which teaches athletics and life skills to underprivileged children. Hardaway is an investor and fundraiser for a proposed $20 million Fastbreak Courts facility in Cordova. A hoops Taj Mahal, the facility will have seven basketball courts, a 2,000-seat arena, a sports rehab clinic operated by Campbell Clinic, an auditorium and classrooms for tutoring children. Memphis Commercial Appeal

"Penny has his life in perspective now," said Randy Wade, deputy director for U.S. Rep. Steve Cohen and one of Hardaway's closest friends and confidants for more than 20 years. "He knows what he wants to do and he's getting it done." Politicians and public officials such as Shelby County Commissioner Henri Brooks are taking notice. "I wish we could clone people like Mr. Hardaway, who came back to the community that gave him a start so that he could give socially and economically disadvantaged kids the same start he enjoyed," Brooks said. "I would encourage a public/private partnership of his Cordova venture. I think the city and the county should step up to the plate and work with Mr. Hardaway providing the resources to make this a reality." Memphis Commercial Appeal

Penny Hardaway On the enduring popularity of his Nike shoe, Air Penny, which was re-issued two years ago and is now Nike's most popular basketball shoe, outselling Air Jordan: "A good basketball shoe to me is something you can wear on and off the court. Guys like to wear jeans, T-shirts and sneakers, and you can't do that with a lot of basketball shoes. Some shoes are made just for the court. My shoes and Michael's (Jordan) shoes can be worn on and off the court. The Penny V is dropping next year." Memphis Commercial Appeal

February 26, 2012 Updates

Hardaway has had the sneaker world literally abuzz this week with his just-released Nike Foamposite Galaxy shoes. The $220 space-themed kicks have caused national pandemonium, even physical skirmishes, among sneaker aficionados hoping to snag one of the very few pairs available. The Washington Post reports, that more than 100 deputies in riot gear had to subdue an unruly crowd in Orlando, Florida while at a mall in Hyattsville, Maryland, one person was arrested for disorderly conduct, all around the sneaker’s Friday (February 24) release. Footwear giant Foot Locker even cancelled sales of the shoes at several locations out of concerns for public safety. “The Foamposite is really a very nice shoe,” Hardaway muses, admitting that he had no idea it would be such a hot ticket item when creating the Galaxy design. “You can never imagine or try to predict that there would be this much pandemonium over your tennis shoe. You would hope so, that it would be crazy—not to the point of violence—but everybody wanting them, that’s a dream come true.” Mtv.com

Bids on eBay are currently as astronomical as $50,000 and one sneakerhead in Queens, reportedly put up his 1996 Chevy Cavalier up on Craigslist in hopes of bartering. Hardaway showed off his own pair in Friday’s NBA All-Star Celebrity Game, alongside celebrity players like J. Cole and Common, but then whipped out the even more exclusive Nike Foamposite Shooting Stars during the second half of the game. Literally 1-of-1, the Orlando Magic-themed kicks may just be the most exclusive sneakers in the world right now, but Hardaway’s not sure if he’s ready to part with his size 14s just yet, and for what price. “They’re just in my possession and I’m enjoying them,” he laughs. “For my pair? I don’t know. It’s something to think about, you know. If I did auction them off or whatever, the money would go to charity, it wouldn’t come to me. I don’t know if I’m going to auction them off yet. I have to talk to my guy, but I would hope that if they were going to be auctioned off for charity, they would go for a lot of money.” Mtv.com

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