Philosophically speaking, chew on this scenario for a moment before responding. I know what the rules say and the Case Book doesn't exactly address this:
Play: There is 1:30 remaining in the 4th Quarter. Team A must score a Touchdown to win or they lose the game. They gain a 1st Down to Team B's 42-yard line when the game clock is stopped for the 1st Down. The clock then starts on the Referee's signal as the Umpire spots the ball and moves away. The Quarterback, from a position directly behind the Center but about 3-yards behind him, is in position to receive the snap. The snap is a bit of a turd, it goes slightly upwards from the Center's hand, it bounces on the ground 1-yard behind the Center. The Quarterback, without any delay or hesitation, then immediately gains possession and immediately spikes the ball to stop the clock. The Quarterback never muffed the snap and the ball touching the ground was not anything to do with the actions of the Quarterback. The ball was always immediately in front of the Quarterback and the action was done in one swift motion.
--Do you have Intentional Grounding, 5-yards from the spot of the foul and a Loss of Down with a Hot Clock on the RFP, or is this OK and the intention of the rule has been met by the Quarterback's actions?