The question I was hoping to be answered is why 'buckyball'? What's the relevance?
The inside-the-lore reason is explained in many of the older Buckyball Run threads.
For an outside-the-lore reason, well... think "Cannonball Run". And I'm guessing Z was looking for an identifiably close substitute for "Cannonball" that sounded sci-fi-ish. "Buckyball" works for that.
*DING* point for Rankaze on Buckyball trivia.
In universe, the explanation for Buckyball is thus:
The "Buckyball" Braben Star-to-Shining-Star Memorial Trophy Dash, widely known simply as The Buckyball Run, was an unofficial, unsanctioned spaceship race run from Xiaoguan Hub in Magec to the Vonarburg Co-Operative in the Wyrd system, intended both as a celebration of the Federation Interstellar Star Route System and a protest against strict traffic laws coming into effect at the time.
As it was found out, the newly imposed 9.8c relativistic limit imposed by the Federation Maximum Velocity Law (imposed as an energy conservation measure) was actually slower than the quickest average velocities of point-to-point travels of Commander Ian Buchanan "Buckyball" Braben (no relation) in the first half of the 32nd century. In 3102, Braben flew the route in a Cowell-MgRath model 57 Sidewinder, averaging greater than 12.5c, setting a 32 minute record that stood for nearly 140 years.
This description is pretty much cribbed from the Wikipedia entry on the real-world Cannonball Run, customized for the Elite Universe:
The Cannonball Baker Sea-To-Shining-Sea Memorial Trophy Dash, widely known simply as the Cannonball Baker or Cannonball Run, was an unofficial, unsanctioned automobile race run five times in the 1970s from New York City and Darien, Connecticut, on the U.S. Atlantic coast, to the Portofino Inn in Redondo Beach, a Los Angeles suburb on the Pacific coast. Conceived by car magazine writer and auto racer Brock Yates and fellow Car and Driver editor Steve Smith, the first run was not a real competitive race, as there was only one team running, but intended both as a celebration of the United States Interstate Highway System and a protest against strict traffic laws coming into effect at the time.
As it was found out, the newly imposed 55 mph (89 km/h) speed limit imposed by the National Maximum Speed Law (imposed as an energy conservation measure) was actually slower than the quickest average speeds of point-to-point travels of Erwin George "Cannon Ball" Baker in the first half of the 20th century. In 1933, Baker drove coast to coast in a Graham-Paige model 57 Blue Streak 8, averaging greater than 50 mph (80 km/h), setting a 53-hour 30 minute record that stood for nearly 40 years.
So basically, the Buckyball is the Cannonball in space. As for why "Buckyball", that's the name of the
Carbon-60 molecule, formal name Buckminsterfullerene, commonly known as a "Buckyball."
And that, dear reader, is the reason for the season...