Thanks to moni for transcribing Tony Abbott's (KFAN's outdoor guru) interview with Jerry Sloan's son, Brian. From it, we get this incredible story as told by Tony,

Someone shoots an elk on a mountain hunting trip that Karl Malone had helped them arrange and Jerry and Tony walk up to it. "In a split second, this bull elk jumps up and comes at me full bore at about 10 yards. I'm a sitting duck. Your dad, without a blink, steps in front of me, pulls up [his old rifle that he got for $80 at a garage sale], puts a bullet in this elk's chest, and it falls at my feet. I have no chance to even react. I turn and look at your dad and he looks at me and he goes, ‘That's as good as a fast break.'"

I would be more likely to believe this he would have said, "tackles it to the ground and snapped its neck" instead of "pulls up [his old rifle that he got for $80 at a garage sale], puts a bullet in this elk's chest."

If that's only as a good as a fast break, I want to know what would be better.