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I searched for the answer in vain and I guess I could wait to see if I'm promoted and look.. but does anyone know:

Player is paid, for example, $500k, with a 40% increase for promotion (so $700k) but also an agreement to pay $650k after 20 games. If promoted first, does the $650k agreed salary also increase 40%... this would seem logical since otherwise he'd be getting a pay cut after 20 games.  For that matter is it also raised along with an agreed annual bonus. 

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