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To answer the first question, yes it is legal under NBA rules for a player to fall to the floor while holding the ball. He could even stand right back up with the ball and be legal.
The 2nd question, the foul was considered an away-from-the-play foul. A foul that occurs with 2 minutes or less left in the 4th or overtime, that occurs away from the ball, is penalized by one shot and the ball. Any player on the floor at the time of the foul may shoot the FT's.
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Chaos isn't a pit. Chaos is a ladder. Many who try to climb it fail and never get to try again. The fall breaks them. And some, given a chance to climb, they refuse. They cling to the realm, or the gods, or love. Illusions.
Only the ladder is real. The climb is all there is.
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