comes out of the ring. Is it a made basket or not?
A: Based on what you describe, this would be a basket since you say it hits the bottom of the basket. Here are the rule references to support:
16.1.1 A goal is made when a live ball enters the basket from above and remains within or passes through the basket entirely.
16.1.2 The ball is considered to be within the basket when the slightest part of the ball is within the basket and below the level of the ring.