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All the players mentioned in the article, i.e., Misbah, Sohail Tanvir, Umer Gul, Kamran Akmal were the players whose contracts were suspended, not cancelled. Which means they are still bound by the old contract for the old amount. If their contracts had been cancelled instead, they'd be free to sign new contract at the now higher prices. I guess the reason they were not revoked is the low price tag, and the already high value associated to those players. All of these players will now be worth upwards of $500,000 each. Their owners are not bound to offer them the higher prices, but might, to retain them for future.
All the players who had initially got the higher priced contracts had their contracts revoked. This includes Afridi for around $650,000, Shoaib Akhtar and Shoaib Malik for around $450,000. All of these players are free to sign fresh contracts, but only Afridi is bound to benefit from the new signings. He was already the highest paid Pakistani in the old contract, and he might be worth now around $900,000. Shoaib Malik will perhaps still fetch around $450,000 so it won't affect him at all. Shoaib Akhtar might find his price lowered, so he'll lose out.
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