This may be long winded but a long time ago the NCAA rule (and I guess the NF rule) said that possession changed as soon as the ball was kicked. In a Notre Dame - Air Force game in the late 50's, ND missed a field goal but Air Force fouled. The officials gave the ball back to ND with a penalty and ND then kicked the winning field goal with seconds left. It turned out the ref messed up and the ball should not have been given back to ND because they had given up possession. It brought up the ridiculousness of the situation that, under those rules, K was scoring on a field goal with a ball that was technically in R's possession. The rule was changed the next year so that K retained possession until the kick ended.
That change brought up all of the problems that PSK was supposed to address. K kicks and R commits a foul while the ball is bouncing around and the ball goes back to K. PSK was put in to fix the enforcement problems but it did not change the definition that a kick is in K's possession until it ends. .
The way I see it, the play ended (because of the IW) with K in legal possession of the ball, therefore, no PSK.
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