Highest Grossing Basketball Movie?

In honor of the big basketball tournament going on in Minneapolis (where we're headquartered), here's a hoops-related movie trivia question:
What 1996 movie was the highest grossing basketball movie of all time?

Hints:

The concept came from a Nike commercial.

The soundtrack for this movie reached #2 on the billboard chart and went 6x platinum.

Michael Jordan starred in the movie and even helped pick songs for the soundtrack. 

And if you haven't guessed it by now, this huge hint will probably give it away: It was the first appearance of Lola Bunny.

Click here for the answer and some other fun facts!