All right. Basketball it is.
4 seconds sound clip from the Space Jam movie soundboard.
You can hear this line at 00:20:48 in the Blu-ray version of the movie.
Quote context
[...]
- Whoa, whoa, take a deep breath, Sly.
- Okay, let's analyze the competition.
- Now, uh, what are we looking at here? We got a small race of invading aliens.
- We challenge you to a basketball game.
- All right. Basketball it is.
- We didn't have that in school.
- Lights.
[...]