As many eagerly wait on the release of the third Penny Hardaway sneaker, we get a closer look at next years model. This Air Penny III (3) consists of white on the upper and varsity royal and black accents, following the common Orlando Magic theme despite a few exceptions. You can expect to see the Air Penny III in-stores next March. Check out the pictures after the jump for a full detailed view of the Air Penny III. Via Sole-Locker.

Air Penny III 
Release Date 03/2009
Style 304845-141
Colorway White/White-Varsity Royal-Black 
Retail Price $155.00