Prices
established production (two seasons)at the market’s own pay curve, in today’s cap dollars — not term, growth, aging, or negotiation.
How this worksContract Surplus
+$3.6Munderpaid
Produces like #78 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #223 — $2.9M (#208 restated).
market pays $7.2M at that rank vs $3.6M in 2026-27 dollars
2025-26 alone: #67 of 249
AAV $2.9M · 3.5% of cap at signing · $3.6M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.