The stated reason for the ball on the floor is so coaches know where the inbound spot will be, regardless of whether officials are having a conference, or the administering official has gone to get a drink or gone to the table for some reason, etc., etc...
As for the no more lock-down, Chuck it means no more lock-down in final seconds of a period or game...so if there is a rotation, the new C will now have the clock for last second shots. If you rotate again, the NEW C will have the last second shot...The memo also says the T and L should be ready to "provide assistance to the C on the release"...
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