Nicely said. Ok, in the event a team makes him an offer 5 days after he's posted, I would want a deadline much sooner that the posting expiration so that I can move on to another option instead of having to wait an additional 40 days.
But after giving it some more thought, there's probably not a written contract offer until there's a verbal agreement in place. Kind of an, "ok, put it in writing and we'll sign it" type of deal.