If I was a player agent? "You signed a contract in good faith, the club can get funding or support from the AFL, you have every right to get paid what you signed up for. Do you reckon Gil's pay cut is going to be permanent?"
How is your professional indemnity, I'd recommend legal advice, it even covers my back.
Many (not the big_e) on here seem to believe all will be forgiven, dont pay, not a problem ....