Grant, this is a good question.
I thought the same was true for a while and would whistle the player without legal gaurding position. If A1 jumps straight up and obtains the rebound then lands on another player while A1 is trying to come straight down, I have a foul on the player on the ground. I believe that A1 has the right to come down in his own vertical plane.
If A1 is jumping laterally and comes down (this play is more likely) on B1, then I rule a travel. The fact that B1 did not obtain legal gaurding position is not an issue because he is still entitled to his spot on the floor.
The answer is it could be both, depends on the scenario.
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