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4 OzRef
The purpose of the arrow (or some other signal device) is to show which team will receive the ball in case of a held ball, double foul, OOB when neither partner knows who touched it last, etc. The direction is initially established with the initial jump ball. The possession arrow also shows which team will have the ball to start the 2nd, 3rd, and 4th quarter. The arrow does not change until the ball is inbounded.
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