The squat and press exercise is compound movement that is going to work on both the lower and upper body. It is also an exercise that is going to work on a specific basketball movement. It is going to work on being able to generate power off of two legs for finishing around the basket, rebounding ect. The shoulder press at the end of the movement is also going to work on being able to finish through contact. So if the defender goes to foul the player on the finish, they will be able to power through and get the and one.
Basketball exercises like this are a must if you want to be able to maximize your athleticism as a player. Make sure though that you spend the time learning the correct form before you add this exercise to your basketball training plan. This will help to prevent injuries from happening, and also to promote maximum muscle and strength growth.