The play came in Valpo's game against the University of Mississippi Rebels at The Myriad in Oklahoma City on March 13, 1998, and gave the #13 seed Crusaders a 70–69 victory over #4 seed Ole Miss. The game was part of a Valparaiso Cinderella run in the tournament that ended in the Sweet Sixteen.
The Crusaders' play for this situation was known as "Pacer". Sykes threw the inbounds pass over the midcourt line, where Bill Jenkins outjumped a Rebel defender for the ball and immediately tapped it over to a running Drew, who let fly with a 23-foot 3-point shot. The ball went in as time expired, giving Valpo a 70-69 win and eliminating Ole Miss from the tournament.
"The Shot" was named the fifth most memorable moment in CBS's coverage of the NCAA tournament by sports analyst Gary Parrish in a front page article for CBS SportsLine. ESPN ranked Valparaiso's 1998 run as #3 on its "Classic Cinderellas" list, with "The Shot" as a large part of the reason why it ranked as high as it did.