3 seconds.....are you nuts ??

[WeekendRef]

I know this has come up before and I am fairly certain I know the answer but....
A1 is setting up in the paint looking for a pass and has been there about 2 seconds when the pass comes in and is then dropped by A1 . Ball remains in the key as does A1 as he tries to regain control of the now loose ball, this battle goes on for about 4 or 5 seconds .
Since Team A still has team control can I call 3 seconds ? If I can call 3 seconds would any of you ever call it ?
I checked the case book and rule book and could find nothing that really spelled this out .
Thanks and sorry for bringing this one back up....