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
+$0.7Mmarket rategrowth deal — priced on projection
Produces like #42 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #77 — $7.2M (#63 restated).
market pays $9.8M at that rank vs $9.1M in 2026-27 dollars
2025-26 alone: #56 of 249
priced on the trajectory: 2024-25 +0.75σ → 2025-26 +0.60σ
AAV $7.2M · 8.8% of cap at signing · $9.1M in 2026-27 dollars