Memphis Transfer In Search Of $4M Misses Out On Huge Payday

PJ Haggerty is likely going to play his final season of college basketball on a lucrative NIL deal at N.C. State. However, the former Memphis star entered the transfer portal in search of a lot more money than he is reportedly set to receive.

His top offer is much less than what he wanted.

Haggerty, a former five-star prospect in the college basketball recruiting Class of 2022, has yet to play more than one season with the same program. The Texas-native started at TCU, transferred to Tulsa and then transferred again to Memphis. This is his third time in the transfer portal in four years in search of his fourth different program in four years… probably.

A return to the Tigers was still very much on the table when Haggerty entered the portal in April. That no longer seems to be the case and it could cost him more than a few thousand dollars.

As things currently stand, PJ Haggerty is focused on the NBA Draft. He is preparing for the combine, which will begin on May 11. He scored 21.7 points per game last season.

However, it is expected that Haggerty will ultimately choose to withdraw his name from the NBA Draft pool and return to college. He can make more money during his senior year of college than as a late-round pick but the decision is obviously up to him and his family.

Assuming that Haggerty does decide to play one final year of college hoops, North Carolina State, Ole Miss and Memphis were his three remaining suitors. Will Wade and the Wolfpack are the heavy betting favorites but neither the player nor the program made an announcement.

Meanwhile, Memphis reportedly decided to move on. The waiting game became too much of a hassle.

Source: Memphis has removed themselves from the mix for All-American transfer G PJ Haggerty, per source.

Things would have to “change drastically” for Memphis to get back in the mix.

— Hitmen Hoops

This is where money comes into the equation. Hitmen Hoops, a local outlet focused on Tigers hoops, says the program offered $3 million to PJ Haggerty. He was supposedly in search of at least $4 million. That is (now, was) his largest guaranteed offer. N.C. State and Ole Miss did not exceed that number.

Unless the Wolfpack bids against itself, or another team suddenly jumps into the mix, Haggerty will not get the money he entered the portal to get. He could’ve been paid the most amount of money to stay at the school he left. Instead, he will get paid less to play elsewhere. It is yet another cautionary tale of the NIL era and transfer portal.

PJ Haggerty and his team of advisors misjudged his value. They cost him at least six figures.