NO, he did not beat him. Too bad, he must not have known that the clock started and he used all his time up on the miss. No time left to try it again.
To Mindaugas' (sp?) credit, he did a fantastic final dunk for a perfect score. When he was asked why he didn't just do something simple, because all he needed to do to win was complete a dunk, he said "that would have been cheap, and that is not what all these people came here to see."