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Tiger Woods and Elin Nordegren had a prenuptial agreement in place when they tied the knot in 2004. But how do the shocking events of the past week impact it?

He’s not buying silence from Rachel Uchitel – but what about from his wife?

Amid reports of numerous affairs by Tiger, the couple is undergoing marital counseling, but they’re also negotiating. Big time. And Elin is in the driver’s seat.

According to reports, Tiger Woods’ prenup would have guaranteed Elin $20 million after 10 years of marriage. But she could get a $5 million payout instantly.

That much deposited into an account she alone controls, plus a promise of at least $55 million more to stay with him two more years, are the rumored sums.

Quoting “a lawyer familiar with the couple’s negotiations,” The Daily Beast says the prenup was shortened to seven years and the payoff upped to $75 million.

YES, HE CHEATED: And yes, he’ll be paying for it.

But it’s a negotiation, rather than the scorned wife merely bilking her cheating hubby for all he’s worth, so Tiger stands to gain something from this, too.

There’s also a behavioral component to the new prenup: Elin Woods must “be a dutiful wife in showing up with him at social events and in public, and sign a nondisclosure form that will prevent her from ever telling her story.”

That’s the key factor. She’d stand to become filthy rich if they ever split up (assuming she wants to), but could never breathe a bad word about Tiger.

To date, there’s no evidence that Elin Woods has ever been anything but the perfectly dutiful wife – until she went after him with a golf club, that is.

Tiger would like nothing more than to portray domestic calm to the world, and if that means giving Elin tens of millions of reasons to do so, so be it.

But should she? Or dump the cheating bastard? Vote below!

Elin Woods should …