Well, although that game sounds very similar to the one I had in mind, the answer is not what I was looking for.
I'll give a couple of hints:
- I didn't read about it on the .org archives (contrary to popular believe I do not live there

)
- Even when googling WITH the correct answer, I did not receive any hits.
- It was invented in the 80's (east coast).
Lastly, upon review, I think I spelled it wrong in my original post. It might be one word "basketbag". This, plus the fact that I have posted some hints, should allow Brad to have another go, if he so chooses (since he didn't have the advantage of this extra info).
Either way, if no-one gets it right by this time tomorrow, I'll post some more hints. (I didn't expect it to take so long)