I was just viewing this thread again and realized that I needed to add to my above post for it to be truly correct.
This play cannot be BI under 4-6-2 unless the player touches the BALL. Grasping the ring is not covered by that rule. However, 4-6-4 could be the justification for a BI call here, if the player pulls down the movable ring while the ball is in contact with it. If the player merely grasps the ring, but doesn't pull it down, or if the ring is the old-fashioned type which is not breakaway, I don't think that BI can rightly be called.
RULE 4 - SECTION 6 BASKET INTERFERENCE
Basket interference occurs when a player:
ART. 1 . . . Touches the ball or any part of the basket (including the net) while the ball is on or within either basket.
ART. 2 . . . Touches the ball while any part of the ball is within the imaginary cylinder which has the basket ring as its lower base.
ART. 3 . . . Touches the ball outside the cylinder while reaching through the basket from below.
ART. 4 . . . Pulls down a movable ring so that it contacts the ball before the ring returns to its original position.
EXCEPTION: In Articles 1 or 2, if a player has his/her hand legally in contact with the ball, it is not a violation if such contact with the ball continues after it enters a basket cylinder or if in such action, the player touches the basket. Dunking or stuffing is legal and is not basket interference.
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