I made the exact same mistake on Saturday. I gave the ball back to the Team in pocession and told both Coaches sorry for the IW. (Of course, the defending Coach was clueless all game but that's another story.)
I would NEVER give him a TO on an IW during the Dead Ball. That gives him an unfair advanatge and is contradictory to the the spirit of fair play. My mistake shouldn't penalize the other Coach.
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