Is there such an animal as a False Multiple Technical?

[M&M Guy]

Billy, maybe try to look at this way - let's say there's 3 subs for each team waiting at the table, and there's a violation that stops play. You wave on the subs, and they come on the floor. Well, look at that! Holy crap! There's a dead ball, and there's, what, 15 or 16 people on the floor! T's for everyone! Get all the cheaters outta here!

Ok, maybe that's a little over the top. But there are many instances where there are more than 5 for each team on the floor during a dead ball, and none of them need to be penalized. If you're good at analyzing, tell me this - when you beckon a sub on the court, they become a player. If the player being subbed for doesn't know they need to come out, and we hold up play waiting for someone to go out, don't we have, officially, 6 "players" on the court? T, right? Of course not, the T is when they are "participating" (live ball).

We already have other instances in the rules where things must be penalized or fixed when they happen, and if not, then it's too late. This happens to be another one of those instances. A correctable error cannot be corrected past the allowable time in the rules, no matter how much we know, after the fact, that it should. A T cannot be issued after the fact, no matter how much we know there are 6 players on the floor after we blow the whistle to stop play; we need to know it before that (while it's happening).