Just watched the video clip of the Indiana game.
The ball was clearly in the shooter's hands when the horn sounded, but definitely in flight when an official blew his whistle.
This took place following a commercial break on the video, so my guess is that the table person programmed in the media time-out and the last horn was automatic and due to the media break. The officials simply didn't wait long enough for all of the programming to complete before resuming play. Thus the final horn came during the ensuing FT action.
Not a knock on the crew as this happens frequently with State tournament and other televised HS games because the officials are not used to the admin stuff that goes with these contests. There is an art to managing such "events" beyond what is normally done in working a routine HS contest.
PS this is one of two reasons that I don't like gyms in which the TOs are timed via the scoreboard.
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