Nike Air Penny III LE – Black – Varsity Royal | Release Date

Penny Hardaway made Sneaker News recently when images of his Nike Air Force 1 exclusive surfaced in June, but it’s Penny’s Nike Sportswear retros that keep him relevant for a generation of fans who never saw the man drop a single dime.  The Nike Air Penny III comes back out of left field with an updated take on its unique design, the black Foamposite plus Varsity Royal nubuck is kind of like a mid/late ’90s time capsule, but the use of ripstop nylon on the ankle collar and the sheer novelty of this striking new colorblocking scheme makes these feel totally fresh.  Click through to see more angles and look for the Penny 3 LE at House of Hoops starting Saturday, July 23rd.