What happens if a player has a held ball situation?

In a held ball situation, the correct outcome is that an alternating possession is given. A held ball occurs when two or more players from opposing teams simultaneously gain possession of the ball and neither player is able to maintain control. This situation is resolved by using the alternating possession rule, which means that instead of a jump ball being called, the offensive team will be determined by the alternating possession arrow.

This rule encourages fair play and ensures that teams have equal opportunities to gain possession of the ball throughout the game. The other options don't apply: the play does not continue because control has been established; there is no timeout involved; and no free throws are awarded since a held ball does not violate any rules leading to points being scored. Thus, the correct response indicates a structured approach to possession changes in basketball while maintaining game flow.