Abstract: A basketball net assembly is provided which includes a circular collar having a flanged end to rest on the top inner half of a permanent basketball rim. In a first embodiment, a plurality of holes are equally spaced along the end of the circular collar opposite the flanged end. In a second embodiment a plurality of notches are equally spaced along the lower half to form tables wherein the holes are located above the tabs. In another embodiment, the basketball net assembly is adjustable in size and can include stabilizers. Through the use of the holes and slots, a basketball net is attached to the collar. The present invention provides for the quick and easy installation and removal of a basketball net on a permanent basketball rim.