Obviously the ref has no business making that call from his position, but the rule needs to change. You should be able to review ANYTHING related to out of bounds in the final two minutes. It has to be conclusive anyway, so there's no true downside. Yes, you inadvertently whistled a play dead when they could have trapped him (but it was a foul in this case anyway), but obviously in the long run you'd rather give the right team the ball and take away a chance at a trap then to just award the ball to the other team on a blown call. Horrible rule as it currently stands.
Also, I was immediately saying we got screwed even if they gave us the ball back - spot inbound in the corner as opposed to being fouled - Gonzaga would have been gifted an opportunity to get a steal on the inbound even if they could have overturned it.