This is false.
It's false because word meanings can change and sometimes the connotations become the primary literal meaning.
Answer 3, the basketball team’s need of new uniforms and their desire for sponsorship
The answer would be A.
The question you have to ask is, is it possessive?
Yes it is possessive.
The wing is owned by the bird. Its wing was broken.
It's means it is or it has.
It's would not make sense in this case because you can not put it is or it has into this sentence.
