The traditional free-throw system in basketball has remained largely unchanged for decades, despite persistent concerns regarding game flow, entertainment value, and strategic distortions created by foul-baiting and intentional fouling. This paper evaluates two alternative models for penalizing shooting fouls on missed field-goal attempts: (1) a 5-on-4 power-play possession, in which the offending player must sit out for one defensive possession, and (2) a one-free-throw plus retained-possession model. Using comparative logic, time-efficiency analysis, and strategic modeling across youth, high school, collegiate, and professional levels, we assess how each option affects pace of play, late-game strategy, fairness, and fan engagement. We also explore secondary rule reforms enabled by these changes, including the potential removal of personal-foul disqualification limits. The potential results from adopting both models are significantly improved game flow and entertainment value, with the power-play model offering the most dramatic transformation.