Well game will run for 4 years. An year will have 4 months/seasons. A month will be consisting of 25 days. This year system will be applicable to a few special maps such as past college and when you got back to Hailey's time.
After completing year 4, there will be two outcomes.
- If you refused the ring, you will see ending cutscene and you have to begin a new game.
- If you get the ring, a cutscene will play, after which you can continue playing but year doesn't progress over 4.
Characters will have whatever backstories they have, just the questlines will not have sequence. A few quests you played in Ringman will appear in year 1 or 2.