Memphis defeated UTEP by a final of 67-66 to win the Conference-USA Tournament. The Tigers came into the tournament as the No. 4 seed.

Memphis freshman Joe Jackson was named Tournament MVP.

Joining Jackson on the All-Tournament Team was Randy Culpepper and Christian Polk (UTEP), Darrius Morrow (East Carolina) and Justin Hurtt (Tulsa).

• Click here to view RealGM’s comprehensive list of 2011 Conference Tournaments.

Aaron Johnson of UAB won the Conference-USA Player of the Year award, while Papa Dia of Southern Methodist won Defensive Player of the Year. DeAndre Kane of Marshall was named Freshman of the Year.

Joining Johnson and Dia on the C-USA All-Conference First Team were Randy Culpepper (UTEP), Gary Flowers (Southern Miss), Justin Jurtt (Tulsa) and Jamarr Sanders (UAB).

On the All-Conference Second Team were Marcus Jordan (UCF), Arsalan Kazemi (Rice), Carmeron Moore (UAB), Julyan Stone (UTEP) and Kendall Timmons (Tulane).

• Click here for more award information from Conference-USA.

Ray Penn has decided to transfer from Oklahoma State.

Penn was suspended indefinitely by Travis Ford two weeks ago.

“He won't be coming back,” said Ford, who did not elaborate further.

Penn started 10 of the 27 games he played in this season, averaging 5.9 points and 2.1 assists a game.

Ford said Penn remains in school, working to remain eligible as he seeks a transfer.

“We have encouraged him to make sure that he continues,” attending class, Ford said. “He's told some people about possible places he may be headed.”

A logical destination for Penn could be Houston, where he is from and where former Cowboys'  assistant James Dickey  just completed his first season as coach.