Now, uh, what are we looking at here? We got a small race of invading aliens.

7 seconds sound clip from the Space Jam movie soundboard.

You can hear this line at 00:20:24 in the Blu-ray version of the movie.

Quote context

[...]

- Suffering succotash.

- What's wrong with all of you?

- I say we get a ladder, wait till the old lady's out of the room, then grab that little bird.

- 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.

- Small arms. Short legs.

- Not very fast.

- Tiny little guys.

- Can't jump high.

- We challenge you to a basketball game.

- All right. Basketball it is.

- Basketball.

[...]