Travel?

[TADW_Elessar]

When the player puts the ball on the floor, then rises and is the first to touch the ball, it also is traveling.

This new learning about American rules amazes me, indeed, but that's not the case we were talking about, is it?
Anyway, the player commits a traveling violation the moment he touches the ball, which does not wholly contradict what I was saying earlier (even if "touching" is not exactly the same as "holding").