Basically what bulls is likely asking, is he may only want to play D1 if he's eligible for teams he is interested in. So if he renews and isn't eligible for any job of interest, he'd have wasted a season. If he just lets his profile end, and then when jobs open, just maybe a day later, can he still apply for the same jobs he'd have gotten if he renewed in the first place.
I don't know the answer. But if anyone wonders why he's asking, I'd assume that's the reason. I've wondered the same myself