Excessive Time Outs

[VaCoach]

I have a couple questions about "excessive" time outs. First, after an excessive time has been called and granted should the official give the team their time out first and then shoot the two foul shots and the ball at mid court, or should you shoot the fould shots and then allow the teams there 60 second time out. I have also heard arguments that the team does not even get the 60 second time out for an excessive time out, but its only purpose is to stop the clock. Which is correct??