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No they won't, and they won't agree to those terms.The payouts are set at different amounts based on time. Victoria cancelled the bid when they did because they risked paying more if they cancel closer to the event.
If a government cancels support after the PNG team starts playing and then the NRL can't meet its broadcast commitments, the government will be on the hook to make up the difference. It's that simple.
The Comm Games issue is because Vic bid for them and signed a contract saying they would deliver them by 2026.