Damned if you do and damned if you don't but the situation is that there currently is no contract on the table for him to sign. There have been ongoing discussions since December/January and from what I am led to believe Steve has been extremely patient. It's very easy to level the accusation that he should just keep his head down and say nothing when the fact is he's been doing that both on and off the pitch, in his performances, his training ethic both at City and outside of City, his continued public support both of manager and club and in general his growing maturity as a person. I know for a fact Steve wants to finish his career here at this club, when he finally hangs up his boots he wants his legacy to be talked about in the same manner as Colin Bell, he genuinely loves the fans and the support he receives and he is always prepared to give up his time to stop and talk to supporters.
I will say this again there have been negotiations, discussions, meetings call it what you like but to date there is no contract on the table with a structured payment based over whatever period of time for him to sign.