Dealing with late players

I wanted to throw the following question out to the readership:

How do you deal with player tardiness?

There seem to be three main schools of thought:

1) Punish the player.

2) Punish the team.

3) Work around it.

Which way do you tend to go with your team(s) and why?

John Forman
About the Author: John Forman
John currently coaches for an NCAA Division II women's team. This follows a stint as head coach for a women's professional team in Sweden. Prior to that he was the head coach for the University of Exeter Volleyball Club BUCS teams (roughly the UK version of the NCAA) while working toward a PhD. He previously coached in Division I of NCAA Women's Volleyball in the US, with additional experience at the Juniors club level, both coaching and managing, among numerous other volleyball adventures. Learn more on his bio page.

Please share your own ideas and opinions.