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
+$6.6Munderpaidgrowth deal — priced on projection
Produces like #2 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #58 — $7.9M (#47 restated).
market pays $16.5M at that rank vs $9.9M in 2026-27 dollars
2025-26 alone: #4 of 249
priced on the trajectory: 2024-25 +2.18σ → 2025-26 +2.59σ
AAV $7.9M · 9.7% of cap at signing · $9.9M in 2026-27 dollars