Dirbbling FIBA rule interpretation

[harsha_nails]

Originally Posted by Rob1968

As noted by SNIPERBBB AND Cameron, above, that initial throw of the ball constitutes the start of a dribble. If A1 then catches the ball, it is the end of that dribble, and pivot foot limitations/travelling limitations come into consideration.
If A1 continues the dribble, without catching the ball, such action is legal. If, after catching the ball, A1 starts a new dribble, the dribble limitations - double dribble rules - are in consideration by the covering official.

I get the rule, but I have never seen it in a real game

So as per the rule, what people do in the dunk contest- throw it up, run, catch it after a bounce and dunk it; is a LEGAL play. Right?