The NIL Effect – Finance of Sports: Collegiate Focus: 2nd Princeton CorpGov Forum

Andy Katz, General Partner, BrknPar Ventures (Sport Tech Growth Equity Fund)

Judson Wallace ’05, Managing Director, White Rabbit Capital; Former Captain, Princeton Men’s Basketball

Whit Clay, Partner, Head of New York, Longacre Square Partners

Jarrett Banks, COO, CorpGov (Moderator)

Former Princeton basketball captain Judson Wallace said his NIL value today could’ve been $1–3M, comparing himself to recent Ivy League players transferring for multimillion-dollar deals.

Speakers argued NIL has turned Ivy League and mid-major programs into “feeder systems” for Power Four schools, making it hard to retain top athletes.

They believe private equity involvement in college sports is overstated because universities already have cheaper financing options through banks and TV revenue deals.

The panel discussed how NIL, media, gambling, and data analytics are reshaping college sports, with schools increasingly using analytics and collectives to recruit and pay players.

Concerns were raised that commercialization could hurt non-revenue sports and reduce the educational focus of college athletics, though some argued government intervention may preserve those programs.

Paul Haaga ’70, Former Chairman, Capital Research and Management Company; Chair of the Board, The Ralph M. Parsons Foundation; Board Director, National Museum of Natural History, Smithsonian Institution

Ned Nalle ’76, President, Copper Beeches, Inc.; Previously, ION Media Networks, ABC Studios, President, Universal Worldwide Television, Universal Studios 

Thomas Courtney, Jr. ’86, President and CEO, The Courtney Group

Curtis Glovier ’86, S’87, P’19, P’25, Chief Investment Officer, Star Mountain Capital​

Robert Maciejko ’88, Founder, Board AI Institute; Managing Partner, Oaks Prime Family Office​

John Evans ’91, Co-Founder and Managing Director, Tractus Asia​

Phillip Escaravage ’97, CEO, Gift Games

Kevin McLaughlin ’97, Vice President, Brand and Corporate Marketing, Dataiku​

Doyl Burkett ’98, Managing Partner and Founder, Integrity Growth Partners​

Brian O’Kelley ’99, Co-Founder and CEO,  Scope3 

Ari I. Weinberg ’99, Contributor, Pensions & Investments; Board member, HBS Club of Connecticut; Class agent, Princeton University Annual Giving​

Brian Kirschbaum ’02, Partner, Astra Capital Management ​

James Shin ’05, President, Film & TV, HYBE America​

Judson Wallace ’05, Managing Director, White Rabbit Capital; Former Captain, Princeton Men’s Basketball

Whit Clay, Partner, Head of New York, Longacre Square Partners

Lawrence S. Elbaum, Co-Head of Shareholder Activism Practice and Partner, Sullivan & Cromwell LLP

Jon Feldman, Partner, Head of Business Law Group, Goodmans LLP

John Grau, President, InvestorCom​

Rafique Jiwani, Vice President, Goldman Sachs Private Equity

Lisa Kaplan, Founder and CEO, Alethea ​

Andy Katz, General Partner, BrknPar Ventures (Sport Tech Growth Equity Fund)​

Ryan Keating, Industry Leader, Venture Services, Eisner Advisory Group

John Price, Founder and Chief Executive Officer, HighGround Market​

Michael W. Robinson, Chairman and CEO, The Montgomery Strategies Group​

David Schulhof, Founder and CEO, MUSQ Global Music Industry ETF (NYSE: MUSQ)​

Karen Snow, CEO, Rose & Co. Capital Advisors; Former Global Head of Listings, Nasdaq​

Zach Swartz, Partner, Real Estate Capital Markets and Mergers & Acquisitions, Vinson & Elkins LLP​

Ken Traub, Chairman, President and CEO, Comtech Telecommunications Corp. (Nasdaq: CMTL)

Patrick A. Westerhaus, Partner, Cyber Risk Services, EisnerAmper

Christopher Young, Investment Banker, Formerly Director of M&A and Proxy Fight Research, ISS​​

John Jannarone ’03, CEO, CorpGov (Moderator)​

Jarrett Banks, COO, CorpGov (Moderator)​

John G. Quigley, Co-Founder and former Managing Partner, Nassau Capital (Moderator)