What does "Eligible for Discount on 10/24/2012" mean?

Our contract is not up until the beginning of 2013, but my husbands phone has completely died so he is using an old one from years ago. 
If we're eligible for a discount on 10/24/12, does that mean we can upgrade for the 2 year contract price on phones (and renew the contract)?  Or is it a different type of pricing?  A certain amount off????

Yes, you can upgrade at the 2yr contract discounted price by renewing your contract on that line. Each line has its own contract. If you do not upgrade your phone, the contract for that line will not change.
Keep in mind, there is a $30 upgrade fee you will be charged in addition to the price of the phone. You will also lose your unlimited data, if you have it, by upgrading at the discounted price.

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