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
+$0.2Mmarket rate
Produces like #11 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #5 — $13.5M (#10 restated).
market pays $13.7M at that rank vs $13.5M in 2026-27 dollars
2025-26 alone: #11 of 249
AAV $13.5M · 14.1% of cap at signing · $13.5M in 2026-27 dollars