As certain as one can be about these things that it's the former in the deal. But the effect can be a different one if the player does well enough for the club to want to sign him, but not well enough to make the acceptable at the previously agreed terms.
Yes, so we'd have the choice of trying to renegotiate it down but potentially blowing up the relationship or paying the price. Either way, with 5 days left in the window I'm relieved that we might be solving the problem for this season at least!!!