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
+$0.4Mmarket rategrowth deal — priced on projection
Produces like #33 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #47 — $8.1M (#40 restated).
market pays $10.5M at that rank vs $10.1M in 2026-27 dollars
2025-26 alone: #53 of 249
priced on the trajectory: 2024-25 +1.43σ → 2025-26 +0.62σ
AAV $8.1M · 9.8% of cap at signing · $10.1M in 2026-27 dollars