Obviously, on a "wedgie", the ball has become unplayable without going OOB. That's why we go to the AP arrow. Whenever the ball does go OOB, however, the last team to touch causes it to go out, so the other team gets the ball, even if there was no team or player control. A simple example of this is on a throw-in. A1 inbounds, ball slapped by B1 and goes OOB. There was no player or team control, but there is no AP, just a throw-in by A due to a violation.
Actually, what's wrong with considering the ball to still be in play on a wedgie, and letting someone jump up and knock it loose, then let play continue. It's not really "on the rim" when it's touched, so it's not BI. Only kidding.
BTW - clewis - do you ever get teased and called "clewless"?