Getting a bunch of introverts to talk to each other every day can have tremendous value for the company.
But in most companies standups are just agile cargo cult. Nobody knows why they are doing standups, so naturally they turn into "I publicly report to my manager and pretend I work really hard, because everybody else is doing that".
People forgot (or never realized?) that standups are not for the manager, they are for the team.
That’s why I just do 3-5 min syncs 3-4 times a week one on one with my direct reports with flex to lengthen if a deeper topic comes up. Uses more of my time but less zoning out and more chance to actually unblock blockers. Downside is I need to tell people to communicate if there is value in team collaboration, but we have other opportunities for fostering that.
If team happiness comes from basketball, that's (probably) not the team driving revenue. I've mostly only seen that tied to results in professional basketball teams.
(Not to hate on balls: it was great playing volleyball in grad school. After 5pm. A couple of $B companies came out of that group.)
A team standup has close to no value.
Having a high quality of life has a lot of value (including increased work productivity).
As the California Milk Campaign went - happy cows make quality cheese, and happy workers make quality work...
Again - one can be moved, the other cannot.