Pepper is a practice game where one player uses a bat to tap balls to a group of fielders standing close by. It's designed to help reaction time. The reason there are signs like that is so they won't play the game near the fence and, presumably, risk hitting spectators.
Basketball scoreboards in some places do list timeouts; I've seen them in at least three places that I remember for sure.
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"Final thought: I just rented Michael Moore's Bowling for Columbine. Frankly, it was the worst sports movie I've ever seen."
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