It was reported sometime in January that he received an extension offer, but was unhappy with the terms and; therefore, was not signing it. First, was it ever confirmed that any of this is accurate? Second, if true, how long does this "process" play out? Typically, the time frame for a contractual negotiation isn't open-ended. After a reasonable period of time passes without reaching agreement, either the party that offered the extension unilaterally pulls the offer off the table, or both parties agree to put off the discussion talks. On some occasions, this means to a later date and while other times the talks go nowhere and the parties agree to disagree and the talks are terminated.