Memphis bench boss Penny Hardaway is pulling his name from consideration for the Orlando Magic head coaching gig.
"I couldn't step away from what I started," Hardaway told Stadium's Jeff Goodman. "One day it would be a dream to coach in the NBA, and the Orlando Magic, but we still have unfinished business at Memphis."
The former Magic star emerged as a serious candidate earlier in the week after three seasons at his alma mater. During his time with the Tigers, Hardaway has amassed a 63-32 record and drawn some highly rated recruits.
He signed a five-year contract extension with the program that runs through the 2025-26 campaign.
The Magic job became available when the team parted ways with Steve Clifford following a 21-51 injury-plagued season.