Performing daily, in theory (2,5)
I believe the answer is:
on paper
'in theory' is the definition.
(synonyms)
'performing daily' is the wordplay.
'performing' becomes 'on' (as in being on stage).
'daily' becomes 'paper' (newspaper).
'on'+'paper'='ON PAPER'
(Other definitions for on paper that I've seen before include "Exam may be" , "Planned (in theory)" , "Where one might write" , "Theoretical" , "As written - in theory" .)