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
+$2.0Munderpaid
Produces like #122 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #208 — $3.3M (#222 restated).
market pays $5.3M at that rank vs $3.3M in 2026-27 dollars
2025-26 alone: #143 of 249
AAV $3.3M · 3.4% of cap at signing · $3.3M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.