If this goes through, I'm not sure what that says about D3 athletics in general, what it changes or what problem is solves.
It would seem to me that D3 athletics would be changing its charter as a well-rounded participatory college athletic experience just by adding or acknowledging this signing process. It is not clear to me what problem (if any) this solves. A non-binding written document has the same status as a non-binding verbal committment. D3 is perfect just the way it is. JMO.