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
+$1.2Munderpaid
Produces like #82 of 118 priced defensemen over two seasons (5:3 blend of Season impact), paid like the #125 — $2.7M (#124 restated).
market pays $4.4M at that rank vs $3.2M in 2026-27 dollars
2025-26 alone: #93 of 108
AAV $2.7M · 3.2% of cap at signing · $3.2M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.