Anfernee Penny Hardaway Net Worth

What is Anfernee Hardaway’s Net Worth and Salary?

Anfernee “Penny” Hardaway, a retired American professional basketball player, is worth $50 million dollars. Hardaway played point guard and is best known for his contributions with Shaquille O’Neal on the Orlando Magic. He had a successful career playing for the Phoenix Suns, the New York Knicks, and the Miami Heat.

Anfernee “Penny” Hardaway: Early Life and High School Career

Anfernee “Penny” Hardaway was born in Memphis, Tennessee in 1971 to Fae Hardaway and Eddie Golden. His nickname “Penny” came from his grandmother’s southern drawl, making “Pretty” sound like “Penny”.

Hardaway attended Treadwell High School in Memphis, where he excelled in basketball. As a senior, he had impressive statistics, averaging 36.6 points, 10.1 rebounds, 6.2 assists, 3.9 steals, and 2.8 blocks. He was even named Parade Magazine National High School player of the year.

Anfernee Penny Hardaway’s College Career

Anfernee “Penny” Hardaway attended the University of Memphis where he studied Education and achieved a 3.4 cumulative GPA. He played college basketball for the Memphis Tigers before deciding to enter the 1993 NBA Draft, forgoing his senior season.

Hardaway Drafted by Warriors, Traded to Magic

Anfernee Penny Hardaway was selected as the third overall pick in the 1993 NBA Draft by the Golden State Warriors but was quickly traded, along with three future first-round picks, to the Orlando Magic.

Hardaway’s NBA Career Highlights

Anfernee “Penny” Hardaway began his NBA career as a shooting guard for the Orlando Magic, but quickly transitioned to point guard and excelled under veteran point guard Scott Skiles. Hardaway won the MVP award during the inaugural Schick Rookie Game and played a key role in getting the Magic to their first playoff appearance and first season with 50 wins or more. He was named to the NBA All-Rookie’s first team and was the runner-up for Rookie of the Year.

In the 1994-95 NBA season, Hardaway averaged 20.9 points, 7.2 assists, and 4.4 rebounds and made the All-NBA First Team. He led the Magic to the NBA Finals alongside Shaquille O’Neal, where they were swept by the Houston Rockets. Hardaway’s most productive years came during his time with the Orlando Magic and early portion of his time with the Phoenix Suns. He later played for the New York Knicks and Miami Heat before retiring from the NBA.

In March 2018, Hardaway became the coach of the Memphis Tigers college basketball team, coaching his son Jayden on the team for a period of time.

Contract Extension for Anfernee Penny Hardaway

Anfernee Penny Hardaway signed a five-year contract extension on December 21, 2020, worth $12.25 million. The deal will see him earn an average annual salary of $2.45 million, according to sources familiar with the matter.

Penny Hardaway’s Earnings

Penny Hardaway earned $120 million in salary during his NBA career. This is before taxes and any lifestyle expenses. In addition to his salary, he also earned approximately $20 million from various endorsements.

Anfernee “Penny” Hardaway’s Career Beyond the Court

Hardaway’s acting career began with his prominent role in the college basketball feature film “Blue Chips” (1994) alongside Shaquille O’Neal. The movie has since become an iconic sports film. During the mid to late 1990s, Hardaway was also part of the popular Nike advertising campaign “Lil Penny”, which featured his alter ego puppet voiced by comedian Chris Rock.

In 2016, Hardaway was featured in the ESPN 30 for 30 documentary “This Magic Moment”, which focuses on the Orlando Magic teams led by Hardaway and O’Neal during the mid-1990s.

Penny Hardaway Purchases $4.25 Million Mansion

NBA star Anfernee “Penny” Hardaway’s mother, Penny, has recently purchased an 11,000 square-foot mansion in Memphis for $4.25 million. The mansion will serve as the family’s new home.

Penny has two daughters and a son who will also be residing in the luxurious property. The purchase was made in September 2019.