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I agree with King about the timeout issue, and think that there are too many timeouts in general. How about adopting the international rules?
In international basketball, timeouts are only given in dead-ball situations or after made baskets. These are requested at the scorer's table by the coach. Players can't call timeouts at all.
Under this setup, players have more reponsibility for having to make on-court decisions, especially near the end of the game. For example, the coach can't call a timeout to set up a last shot unless there's been a made basket or dead ball. The players have to make those decisions and plays in the heat of the action. More exciting in my book.