The Toronto Raptors’ Jason Kapono will defend his title in this year’s Three-Point Shootout, which will be held on Saturday, Feb. 16, at New Orleans Arena as part of NBA All-Star Saturday Night.

Kapono will attempt to become the first back-to-back winner of the Three-Point Shootout since Peja Stojakovic won the 2002 and 2003 titles.  Stojakovic will return to the competition representing the hometown New Orleans Hornets for the first time since finishing as runner-up in the 2004 competition. Stojakovic and Kapono will be joined by Western Conference starter and 10-time All-Star Kobe Bryant of the Los Angeles Lakers, Daniel Gibson of the Cleveland Cavaliers, Richard Hamilton of the Detroit Pistons and two-time MVP Steve Nash of the Phoenix Suns.

The players will compete in the two-round competition with the top three finishers from the first round advancing to the finals. Five shooting stations will be set up around the three-point line, with four Official Spalding NBA game balls worth one point each and one Spalding NBA All-Star 2008 commemorative teal and gold colored “money ball” worth two points at each location. Each player will have one minute to shoot as many balls as he can. In the final round, players will shoot in ascending order of first-round scores. At the discretion of the referee, television instant replay may be consulted for clarification of rules compliance.

The Three-Point Shootout will be televised live nationally as part of the NBA All-Star Saturday Night, which will also feature the Shooting Stars, Slam Dunk and Skills Challenge. TNT and ESPN Radio’s national coverage will begin at 8 p.m. ET from New Orleans Arena. The NBA All-Star Game on Sunday, Feb. 17, will air live on TNT, ESPN Radio and in more than 200 countries and territories worldwide.