Player 1 passes the ball to player 2 and follows their pass. When they are just over half way towards player 2 they then make a sharp change of direction and cut out, running hard towards the cone where they will receive the return pass.
After receiving the ball player 1 should try and shoot as quickly as possible from outside the key, before then collecting the ball and playing an outlet pass to player 2 who has moved wide to receive the ball.
Make sure your players always know where the ball is, even when they are running away from it.
Progression:
Player 2 can make the pass at any point after player 1 has started to cut out.
Rebounding is the least glamorous thing in basketball and one of the most decisive. It is also almost entirely a habit, which means it is entirely coachable.
Good spacing is only the start. The best modern offences teach players to attack the defence's rotations and play in a permanent 4-on-3 - here is how to coach that read.
The ball screen produces almost half of all professional offensive possessions, yet most teams still teach it as a memorised play. The modern approach trains the read - giving players a framework to decide based on what the defence does, not what the coach called.