A formal announcement is expected soon.
Stoudamire, 39, played for Lute Olson at Arizona from 1991 to 1995 before becoming the seventh pick of the 1995 NBA Draft and, subsequently, the 1996 Rookie of the Year. The 5-foot-10 point guard played 14 seasons in the NBA with the Raptors, Blazers, Grizzlies and Spurs, then got into coaching. He spent two seasons on the Grizz bench under Lionel Hollins. Stoudamire has been on Josh Pastner's staff the past two years at Memphis, where he established himself as an elite recruiter and favorite among AAU coaches and prospects, including Class of 2015 star Skal Labissiere.
"I hate that he's leaving," Memphis signee Markel Crawford told The Commercial Appeal. "Most everybody knows the reason I came to Memphis was all because of him."
Stoudamire's departure leaves Pastner with two vacancies to fill.
The only fulltime assistant on staff now is Aki Collins.