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I always thought the rule was 24 hours from the initial offer, obviously I could have been incorrect.

 

From the VHL Rulebook:

 

• A player may accept a contract at any time after the contract is offered, unless there is a limit on free agency length in the off-season. If a player is inactive, then if the thread does not see a raise after 24 hrs, they will go to the team with the highest $ value bid. When offering a contract to an inactive, the dollar amount has to be within the contract scales during non-option seasons thus preventing a team from offering a back-end loaded contract that is all based on conditional team options.
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https://vhlforum.com/topic/5661-s32-d-moe-mills/#findComment-48269
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