It is obviously Noel's shot last night....
Based on the replay found here: http://scores.espn.go.com/ncb/recap?gameId=330100238
it was not a violation.
When the shot clock goes from 02 to 01 seconds - at that instant - there is 01.9 seconds left. therefore, when the shot clock goes from 01 to 00, there is still some time left on the shot clock.
Given Vandy does not have decimals on the shot clock, it looks like it a violation. However, if you look at the game clock (yes coach knight, that is a game clock), you can see that when the shot clock goes to zero, there is 18.3 seconds left in the game -which means Noel needs to get the shot off by 17.3.
It leaves his hand by 17.8 - at the latest - hence NO shot clock violation.