Record‑Breaking Gift to UGA Basketball
Tech entrepreneur Adam Wexler, a 2007 graduate of the University of Georgia, announced a $10 million contribution that stands as the largest single donation ever received by the university’s athletics department.
The gift will be directed toward personnel salaries and day‑to‑day operating expenses for the Bulldogs’ men’s basketball program, with a designated portion earmarked for the newly created Athletic Director Excellence Fund, a pool that athletic director Josh Brooks may allocate at his discretion.
Wexler, who built his reputation as the founder of the fantasy‑sports platform Prize Picks and now leads the music‑discovery service The Hidden Jams, said the contribution is intended to reinforce the Bulldog community and to encourage other alumni to consider similar investments.
The donation gains added significance in light of Prize Picks’ recent sale of a controlling stake to lottery operator Allwyn International for $1.533 billion earlier this year, underscoring the growing financial influence of former students in both sports and entertainment.
Wexler’s father, Alan Wexler, was a two‑sport athlete and longtime editor‑in‑chief of the campus newspaper, a legacy that the donor says continues to shape his connection to the university.
University officials praised the generosity, noting that the funds will help sustain competitive coaching staff and support the program’s operational needs as the Bulldogs aim to maintain their momentum on the national stage.