Travel?

[tmp44]

This situation is being kicked around my association right now.....

Men's League game. A1, an extremely athletic guard, makes a strong move from about the top of the key and from about the first lane line after the FT line, jumps into the air...whether to pass or shoot, you can't tell, but he's facing the hoop. While on the way up, he loses the ball himself...i.e., it wasn't stripped, tipped or anything by anyone, he just lost it. Ball, after it hits the floor, is knocked back to half court by a defensive player, and then is recovered by A2.

Some are of the philosophy that this is a travel....i.e., saying that once someone leaves their feet, they must either pass or shoot. If one of those two aren't accomplished, automatic travel. Thoughts? Change the scenario slightly...what if A1 JUMP STOPPED to first lane line, and then went back up and lost it...does that change anything?