Princeton Alums Face Ex-NBA Players in $500,000 Hoop Tournament

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Jon Mugar doesn’t remember exactly what prompted him to text his buddy of 20 years with a simple business proposal.

“I just woke up one Sunday morning and asked, ’What would happen if you held a winner-take-all basketball tournament, open to the public, for a ton of money?’” said Mugar, a 38-year-old television producer from Boston.