The last Georgetown athlete to have played football, basketball, and baseball as a senior, Jim Corcoran was a football All-America selection who walked on the 1981-82 Hoyas, seeing action in two early season games and had already joined the baseball team by the time the Hoyas were headed to the Final Four.

Following graduation, Corcoran pursued tryouts with a number of NFL, CFL, and USFL clubs as a kicker before heading to Wall Street, eventually becoming a senior vice president at Morgan Stanley and serving as president of the Downtown Athletic Club, the presenters of the Heisman Memorial Trophy.

The club ceased operations in 2002, following the terrorist attacks of Sept. 11, 2001. Corcoran was instrumental in the continuance of the award under a new entity, the Heisman Trust, which supports the award as well as numerous youth-based charities. Corcoran serves as one of its ten trustees.

Jim Corcoran was selected to the Georgetown University Athletic Hall of Fame in 2002 for his contributions in football.