Travel, carry, or nothing?

[Indianaref]

Originally Posted by rwest

That would be a travel as it violates the spirit of the rule. In order for you to travel you must first have control. If I pass you the ball and you are running up the court but bobble the ball while taking a few steps that is not a travel. However, if you intentionally bobble the ball while running up the court, I will call a travel. In the latter case if I deem you could have gained control but didn't so you could run up the court, I'm going to call a travel.

That's all good and I agree, however, in the OP the player never fumbled the ball, the ball never drops or slips from a player's grasp. That's why I say travel.