Rich,
You are clearly one of those presence guys.
But seriously, the improper signal bothers me for two reasons. First, I wonder what other minor details of the rules book this official doesn't know. You know as well as I do that the selection process for college officials is very political and often based on who you know, not what you know. I guess I am just sick of the politics.
Secondly, him being wrong on TV and the ESPN highlights that will be seen all over the country make life that much harder for the rest of us. Now we will have coaches screaming for a travel when a player jumps up and comes back down with the ball during a throw-in and they will be sure that they are correct because they saw a travel called during a throw-in on TV. Those at the top, who are very visible, must serve as educators to the general public about the game and examples for the rest of us. It is bad enough that the announcers (such as Bill Walton) don't have a clue about the rules, we don't need our fellow officials perpetuating misconceptions as well.