The Three-Point Contest is a basketball competition held during the annual NBA All-Star Weekend. Players from various teams compete to see who can make the most three-point shots in a limited time. Each contestant has a set number of racks, each containing basketballs, positioned around the three-point line. Contestants score points based on the number of shots made, with special balls worth extra points. The player with the highest score at the end of the contest is declared the winner. This event showcases shooting skills and is popular among fans and players alike, highlighting the importance of the three-point shot in modern basketball.