Clippers to Inglewood: Bill 987.

[nuraman00]

www.ocregister.com/2018/08/31/bill-to-streamline-clippers-arena-project-heads-to-governors-desk/

[nuraman00]

In 2017, the city of Inglewood and the Clippers entered into a three-year exclusive negotiating agreement to build a new arena, practice facility and team headquarters on the southeast corner of Century Boulevard and Prairie Avenue.

What does it mean by "three year exclusive negotiating agreement"? What happens during those 3 years?

Do they have 3 years to negotiate a new arena, practice facility, and team headquarters deal?