I don't have references but here is my stream of thought. There are two elements of a reception. The first is possession, which you have said there clearly was. The second is that the receiver must have at least one foot on the ground. Since the player was in the air, what he did basically was bat a legal forward pass backward....allbeit to a member of his own team and on purpose. Therefore, under federation rule, I have a legal play. I have no idea what the college interpretation is...but thats my story and thats what I am going with.
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