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
−$0.1Mmarket rate
Produces like #192 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #232 — $2.5M (#225 restated).
market pays $3.1M at that rank vs $3.2M in 2026-27 dollars
2025-26 alone: #199 of 249
AAV $2.5M · 3.1% of cap at signing · $3.2M in 2026-27 dollars