Application of Stadium Credit. The Player Cost Amount shall be reduced by the Stadium Credit, provided that, after application of the Stadium Credit, the Player Cost Amount shall not be below: 47% of Projected AR for the 2020 League Year; or 48% of Projected AR for the 2021–2030 League Years. If, in the 2020 League Year, application of the Stadium Credit and/or the LA Exclusion (as described above) would result in a Player Cost Amount below 47% of Projected AR, then the Player Cost Amount shall be increased to 47% of Projected AR. If, in the 2021–2030 League Years, application of the Stadium Credit and/or the LA Exclusion (as described above) would result in a Player Cost Amount below 48% of Projected AR, then the Player Cost Amount shall be increased to 48% of Projected AR.