Baelin: you could drop the idea, maybe they will let you reserve a deadline to get a script/screenplay in or something... but chances are, there are at leat a handful of other writers going for it, so you should probably jump on the chance to get it sold.
There's dozen's of handbooks that teach you how to get your script sold/produced, so I'd suggest picking one of those up.
*FADE OUT*
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"People hear that I am a horror writer and they think that I must be a monster, but actually I have the heart of a small child - I keep it in a jar on my desk."
Robert Bloch
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