This seems crazy to me, but I don't work in FAANG. A basketball game (I'm assuming recurring) during work hours? Quality of life from inside work? Are you all at campus for most of your day (ie, longer than 8h?)
To me, quality of life is working hard and smart during the 8h, and keeping the rest of the day for you and your family. Quality of life comes from outside work, and the company respects and encourages that boundary. Of course we still do team building activities, but these are occastional off sites. Or optional after work things (drinks, workouts, indoor football etc)