Quote:
Originally Posted by MechanicGuy
I appreciate the response, though I'm not entirely sure how this answers my question.
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Your question contains a term which is undefined. But, if by simultaneous possession, you mean that both players have a firm hold on the ball, the answer is no. No timeout and no travel. This is a held ball and that's all it is.
If one player is in control and the other merely gets a hand on it, not firmly enough for a held ball, then a timeout or a travel could be called.