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NEWS: Memphis is involved with Arkansas transfer 6’4” G DJ Wagner, per source. Given the inflated market + name value, he has/will get offers in the ballpark of $1.5 million (low end around $1.1 w/ high end being around $1.5+). However, Wagner has already earned well over 7 figures at Arky + is primarily looking for a higher usage role for himself. Don’t expect money to be a deciding factor in this recruitment. Wagner - a former 5⭐️ recruit with ties to Memphis - averaged 7.4 PPG and 2.4 AST on 43/35/72 shooting splits on a sweet 16 team.

NEWS: The expectation is that Memphis HC Penny Hardaway returns for his ninth season as head coach, per source. Additionally, Hardaway is expected to clean slate with his assistant staff before the start of portal season, source adds. Several candidates have already been contacted. In regards to Penny’s future, source cites that the administration were concerned about the “politics” and “financials” of firing Penny. For context, Memphis would have to pay a $6 million buyout + potential buyout for new coach + increase financial commitment to program.

One of the worst kept secrets around the Memphis athletic department is now out, despite the Big 12 not **reportedly** being interested at the moment. This is massive on multiple fronts because it shows how serious university officials are in remaining relevant through conference realignment. The $200+ million offer to “buy its way into the Big 12” deserves its applause no matter the lack of success it may have in the short term because one thing is for sure… Memphis is serious about remaining relevant.

SOURCE: Kansas State has emerged as a serious contender for Memphis transfer and All-American G PJ Haggerty, multiple sources tell me. NC State had been the favorites for the top transfer, but sources add that Kansas State “has the momentum.” Source adds that Kansas State’s financial offer is expected to be stronger than NC State’s. Haggerty is turning his focus to schools now that the NBA Draft Combine is over, where he absolutely crushed it in the scrimmages.