No one can be certain on the origination of the Basketball phrase of "nothing but net". The reason for this is that basketball has and is played in all types of venues such as high school, college and professional leagues.What the term means, however, is that the ball is shot from the players' hand and goes through the basketball hoop without touching the metal hoop. Thus it "swishes" through and hits only the net hanging from the rim.
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"Nothing but net" can refer to basketball, when a player makes a perfect shot into the basket where the ball only touches then net. It is also a charitable organization supported by the UN.