Thanks for the file. I think that you can use Avidemux to re-encode the file with X264 or Xvid Codec, the file size may be reduced considerably.
Encoding is a way of over-processing the file... isn't it? When I try to do lower quality from either After Effects, Super, or Format Factory, I get smaller-size files, but that's in expense for dropping down of the video quality. Some of these highlights that I do are from already over-processed videos, so I feel the most important thing is to be able to preserve the quality of the video... to see the ball, rather than make the file-size smaller.