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I had that happen a month ago. I had actually just started the new job but had been mislead with information they gave me regarding the job. I knew the current job needed be.
I basically pointed out all the BS they pulled and told them my other offer which was probably about 10k-15k more.
Within that week they rewrote my contract and gave me everything I asked for from salary to benefits. I even made them remove the "non-compete" clause which businesses almost NEVER do.. my boss was amazed I got the contract people to remove it lol.
My situation was a bit different but ise it to your benefit. I had the BS they pulled as well as the job offer for some serious leverage, and if they didnt have me on site the project would have been shut down until the found a replacement.