Carter-Williams and Oladipo were the Eastern Conference's final representatives after beating Giannis Antetokounmpo of Milwaukee and Toronto's DeMar DeRozan in the first round.
The event was a test of shooting, passing, and dribbling drills.
The first teammate began the competition by shooting a layup. After dribbling around three obstacles, he had to throw a pass through a target. Then the player had to make a three-pointer from the top of the key and dribble around three obstacles before passing the ball to his teammate, who performed the same routine with the exception of finishing with a layup.
Miami Heat center Chris Bosh, Hall of Famer Dominique Wilkins, and Chicago Sky forward Swin Cash won the Shooting Stars challenge.
The Eastern Conference trio of Toronto's Terrence Ross, Indiana's Paul George, and Washington's John Wall won the slam dunk contest. The Spurs' Marco Belinelli won the three-point contest.
No union boss yet
A year after ousting Billy Hunter as executive director of the union, NBA players still aren't ready to replace him.
Players held their all-star weekend meeting Saturday and were introduced to the remaining candidates for Hunter's old job, but they aren't ready to make a decision, or even to say when they expect one.
"This process has been long, but we're not in a rush," vice president Roger Mason Jr. of the Miami Heat said.
Working with the executive search firm Reilly Partners, players said, they began with a list of more than 200 candidates, but wouldn't say how many remain or even if they should be considered finalists. Those who remained were invited to the meeting Saturday and met with a group of about 30 players who attended.
The Associated Press contributed to this article.