This is an excerpt from an article called The Myth Of The Million Dollar Challenge. As I said, a dukes up/fingers crossed kind of openness:
Researchers Step Up to the Plate
As a consequence, you might well say "no wonder no serious researcher has applied for the Challenge." Interestingly, this is not the case. Dr Dick Bierman, who has a PhD in physics, informed me that he did in fact approach James Randi about the Million Dollar Challenge in late 1998. Bierman reported a success in replicating the presentiment experiments of Dr Dean Radin (where human reactions seem to occur marginally before an event occurs), and was subsequently asked by Stanley Klein of the University of California why, if his results for psi effects were positive and replicable, he didn't respond to Randi's challenge. Bierman replied that he would rather invest his time in good scientific research, rather than convincing skeptics in a one-off test. However, after further discussion, he decided that he may be able to combine the two:
After some exchange of ideas I was brought into contact with Randi. Randi sounded sincerely interested and I worked out a proposal for an interesting experiment that would last about a year. Experimental effects in this type of research are small and require a lot of measurements to reach the required statistical significance (I think Randi wanted a p-value of 0.000001).
Note that he didn't insist on showing the effect on stage. Rather I proposed to do a kind of precognition (actually presentiment) experiment on-line over Internet where he or some other independent skeptic could generate the targets once the responses were communicated over the Internet (all this would be done automatically on a computer under his control within a second). This would prevent cheating from the experimenter's side but we still had to work out how to prevent cheating from the Randi-side.
At that point Randi mentioned that before proceeding he had to submit this preliminary proposal to his scientific board or committee. And basically that was the end of it. I have no idea where the process was obstructed but I must confess that I was glad that I could devote myself purely to science rather than having to deal with the skeptics and the associated media hypes.