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
+$1.9Munderpaid
Produces like #107 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #180 — $4.0M (#197 restated).
market pays $5.9M at that rank vs $4.0M in 2026-27 dollars
2025-26 alone: #139 of 249
AAV $4.0M · 3.9% of cap at signing · $4.0M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.