I actually saw a play get off in a very similar situation on TV. Team A, down by three gained a first down, inbounds with 1 second left of the clock. The play which resulted in the first down covered approx. 30 yards. The field goal unit was on the field and set by the time the down marker was ready. (The chain crew had to move the 30 yds. in front of A's bench with the offence going off the field and the FG unit coming on.) The snapper snapped the ball on the ready whistle, the field goal was made and Team A won the game in overtime.
I believe that in these situations we need to get the ball ready with the same speed that we have been using all game. We shouldn't hurry or delay. As soon as the box is set, whistle the ball ready for play. Then, if A gets the play started before time expires let it go or if the clock runs out first, end the game. The one thing to make sure of is that A has everybody set and is in a legal formation.
I think it is legal for the center to have his hands on the ball before the ready.
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