Feb. 6 was the first Wednesday in February, which meant National Signing Day for college football teams. But the top-rated prospect on nearly everyone’s chart has yet to sign a letter of intent. Terrelle Pryor is reportedly thinking Ohio State, Penn State and maybe Oregon. The Buckeyes are rumored to have the inside edge.

So what are these letters of intent, anyway? They’re binding contracts with the NCAA and the Collegiate Commissioners Association; the student agrees to stay at his college of choice for one academic year, in exchange for their scholarships.

Pryor is absolutely worth spending a scholarship on. The reigning Parade National Player of the Year reminds recruiters of Vince Young, except even slightly bigger at 6-foot-6 and 235 pounds – in his last year of high school. Not only that, Pryor is also one of the better basketball prospects in the nation, and would prefer to play in the NBA. He can afford to take his time.