Whether Memphis basketball keeps All-American guard PJ Haggerty or loses him, here's what it all could mean for Penny Hardaway and the Tigers.

Memphis star guard PJ Haggerty, the AAC Player of the Year and a second-team All-American, entered the transfer portal.

American, will enter the transfer portal. Haggerty told The Athletic of his plans Thursday, confirming several other media reports. Haggerty won American Athletic Conference Player of the Year honors after averaging a league-high 21.