Does this NIT timer know the rule?

[Nevadaref]

Iowa/SLU with 58 seconds to go SLU scored a basket to make the score 67-65 in Iowa's favor. While Iowa was inbounding, the clock continued to run. Probably 3 or 4 seconds were lost. The officials did not notice this or maybe they ignored it. Iowa then brought the ball into the front court and called time-out with 47 seconds left. However, the clock contined to run until 40.8 seconds. The officials noticed this and went to the monitor, then put the clock back to 47. However, during this dead ball, they also could have corrected the timing error that occurred with 58 seconds to go. In other words they could have put the game clock back to say 51 seconds.
That wasn't the end of though. Iowa turned the ball over and SLU scored to tie the game at 67. Iowa then scored with 5 seconds remaining to take a two point lead. The clock again did not stop on the made basket and ran down to 0.8 seconds while SLU was attempting to execute the throw-in. The officials stopped the game and after looking at the monitor again, they put 5.0 seconds back on the clock. SLU then won the game with a buzzer beater three.
I would be hopping made with the timer, if I were on that crew.

I also think Iowa got tough break by the officials passing on a charging foul on the passer on this last shot. He clearly runs over #2 from Iowa just after kicking the ball out to the corner.