A recording contract -- not just recording.
Anyone who wants to spend the cash can record a demo.
I can accept that, but with the other experiences he has had it still seems like he's way ahead of the others.
Surely if he really has something that record producers want they would have picked him up already since he has played with some pretty high profile band members.
But I don't have any idea of how that sort of thing actually works, so just consider me to be full of...something. :-)