As a basketball player for SMU, James "Jim" Krebs was responsible for the team's success during the mid-1950s. In 1956, Krebs led the Mustangs to the NCAA semifinals before losing to Bill Russell and San Francisco University. The next year, SMU reached the Midwest Regionals before suffering an overtime loss to a Kansas team led by Wilt Chamberlain. Krebs led the Mustangs to three consecutive Southwest Conference championships while earning All-SWC honors each of those years, as well as All-American honors in his senior year. At the end of Krebs SMU career, he held school records of 50 points in a game, 282 points in a conference season, 624 points in a season, and 1,753 points in his career. Krebs played with the Minneapolis and Los Angeles Lakers of the NBA from 1957-1964. He scored 4,128 points in 515 games and was inducted into the Texas Sports Hall of Fame in 1976.