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Yeah, it was a rule change this season. When there are lights on the backboard they take priority for indicating the expiration of time.
So in this particular video clip the officials should have been looking for the illumination of the red lights.
COMMENTS ON THE 2009-10 RULES REVISIONS
RED/LED LIGHT PERMITTED TO END QUARTER/EXTRA PERIOD (1-14; 5-
6-2): When a red light behind the backboard or an LED light on the backboard is
present, it is permitted to signal the expiration of time in the quarter or extra period. If
no red/LED light is present, the audible timer’s signal will continue to signal the
expiration of time. The change permits equipment currently found in some facilities to
be utilized rather than ignored. All other end-of-period rules remain intact. During their
pregame responsibilities, game officials should determine if red/LED lights are present
in order to adjudicate end-of-period situations properly.
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