 Paul Newman reprised his role as Fast Eddie <unk> in the 1986 film The Color of Money , for which he won the Academy Award for Best Actor in a Leading Role . A number of observers and critics have suggested that this Oscar was in <unk> recognition for his performance in The <unk> . In 1997 , the Library of Congress selected The <unk> for preservation in the United States National Film <unk> as " culturally , historically , or <unk> significant . " Carroll and <unk> 's screenplay was selected by the Writers Guild of America in 2006 as the <unk> best motion picture screenplay of all time . In June 2008 , <unk> released its " Ten top Ten " — the best ten films in ten " classic " American film genres — after polling over 1 @,@ 500 people from the creative community . The <unk> was acknowledged as the sixth best film in the sports genre . 
