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Since you have a separate ball layer, can you just color correct it to bring it back to orange, thus removing the "brown smudge"?
Unfotunately, there is no way to remove the image blur that is caused by your imporoperly shot footage; you needed a much faster shutter speed, appropriate for the subject, 1/250 or maybe even 1/1000 second.
All you can do now is fake it and hopefully sell a new design concept, something a bit stylized. Masking off the ball is a good first step and now you can fill that mask with just about anything. I'd suggest a stylized animated basketball with glitter and sparks and lightning, simple clip art, or a photograph of the team's special logo-emblazoned ball, if they have such.
Well, I took Andrew's suggestion and tried a little color correction using a Color To effect. It at least made the muddy brown more orange. But that also meant masking thousands of frames; a thing I was hoping to avoid.
Can't do much about the shutter speed, 29.97 fps was all they gave me, and the compression was far from perfect. So I did what I could. Thank for the help.