Eric,
Thank you for posting that. I had never even heard of this, so I was very happy to read the article. IMO, this is the first step towards an early signing period.
UNC twitter account saying Elijah Hood signed his scholarship agreement as well. It sounds like it is the same deal as the OP.
It is funny that the recruit 'signs' something that binds the university to him, and not vice versa. This might mean a lot right now, but I think it might devolve back into the 'verbal commitment' deal in a few years.
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