Texas vs Cal near last play

[Texas Aggie]

It was under 3 seconds from when it was dropped, and picked up by the 3rd guy

Actually, it was OVER 3 seconds. I timed it several times, all in the 3 second plus range between the time the ball was dropped and when it was then touched.

Immediately means, to me, that the player doesn't break stride in going for the ball. 2 Texas players ran by the ball and a third (or fourth) picked it up but had no intention on continuing to play. That, to me, doesn't satisfy the rule.

I think we agree on the rest.