It's not so much a contract, but moreso the difficulty in porting it to the PS3. Back then Tanaka said, "instead of reworking XI to be ported to ps3, we'd rather make something new." That something new was XIV.
I think they'd have to do a lot of fundamental changes to the code for it to be able to be played on ps3/4..but with the announcement of PS4 being able to play old games, this might be an option...though it won't look as nifty ><



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