FedEx Corp. announced a five-year, $25 million NIL agreement in April as a major investment in U of M athletics long term.
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Penny Hardaway went into the Memphis basketball offseason with a clear front-runner atop his list of priorities.
The commitments started to roll in after Memphis wrapped spring practices and after FedEx pledged $25 million over five years for Name, Image and Likeness (NIL) deals for a slew of Tigers programs.