NBA 2kVR is the first licensed sports game for VR and it launched today for the HTC Vive, Oculus Rift, and Playstation VR.
Instead of a complete basketball game, it consists of minigames such as a 3-point shootout and a buzzer beater where you try to shoot as many balls as you can within the time limit. Motion controls are supported for the HTC Vive and Oculus Rift (if you have the Oculus Touch). It is not yet clear if motion controls are supported in the PSVR version of the game.
Here is a video review of the HTC Vive version of the game by SweViver VR: