This sound is from BASEketball (1998)

"BASEketball" is a comedic sports movie released in 1998. Directed by David Zucker, the film stars Trey Parker and Matt Stone, the creators of the animated television series "South Park." The story revolves around two friends who invent a hybrid sport combining basketball and baseball, known as BASEketball. Chaos ensues as the game gains popularity and becomes a professional sport. Full of slapstick humor and satirical elements, "BASEketball" offers a hilarious take on the world of sports. If you're interested, you can play and download the sounds from the film right here.