T-mobile Magenta Saturday Sale...2 yr contract required or no?

Peter

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Today t-mobile is having a one day sale for their smartphones. From what I know, you make a small payment at the store for a new phone, and then pay off the rest of it through monthly payments. What I need to know is if this deal applies to everyone or just people who are going to sign new two year contract. Any help would be greatly appreciated!
 
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