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When is the Best Time to Re-sign a Driver?

I have two drivers that are about to expire (3 days and 4 days). When is it best to resign them?

After looking at the other topics I am thinking it is best to resign when there is exactly 1 day remaining. Is that correct? Or is there a "RFA" period where the player has no contract, but you are the only manager with rights to sign him?

You should renew the contract before it expires, otherwise you'll have to pay signing fees and tokens again or lose the driver if his level is higher than your manager level.

I recommend waiting as long as possible to renew the contract, which is when there is one race remaining, as this is the best way to save cash for those who don't have much of it.