Stackhouse, an assistant coach with the Memphis Grizzlies, was the head coach of the Raptors 905 G League team for two years. He was named Coach of the Year after leading Raptors 905 to the title in 2017. His time in the G League helped build a relationship with Vanderbilt athletic director Malcolm Turner, formerly the president of the league.
Stackhouse played 18 seasons in the NBA before retiring in 2013. He earned two All-Star appearances. He was a star for two seasons at North Carolina, being named a consensus All-American in 1995.
Stackhouse lacks college coaching experience, but he ran his own AAU program, Stackhouse Elite. He coached and helped mentor Los Angeles Lakers forward Brandon Ingram, a fellow native of Kinston, North Carolina.
Stackhouse would replace Bryce Drew, who was fired in March after three seasons at Vanderbilt.
The news was first reported by CBS Sports.