So a referee can call a goal tend, change it 5 minutes later, and completely take away the possession from Kentucky?
Kentucky had the rebound and most likely would have had a put back.
I have trouble putting into words how terrible that rule is, and how open to corruption.
If that rule is going to be in place there should be some sort of rule that would allow for free throws to make up for points wiped away. The simple fact that UK would have retained possession with a likely layup should afford them the opportunity to make up for the referee error in judgement call.
Take points off the board and come out of timeout with two free throws, no one on the line.