Ask them if you are covered by their insurance in case an athlete crashes into you and you get injured. What about if you or your equipment injures someone while you are "working" for them. They will probably say you are a contractor for them so they are not responsible for anything you do. This is a risky proposition for you to undertake. If you search under the business forum you will find that most will advise you not work for free.
If you are established professional shooter there is no reason to accept such an offer. If you are trying to get established then having high profile games in your portfolio would be a good thing. In addition they mentioned it being non-exclusive, so you could look for other clients who might be interested in buying images (without having to go to the bother of arranging credentials) or post them to one of the sports related stock image sights.
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