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 #238 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #268 — $1.2M.
market pays $1.0M at that rank vs $1.2M in 2026-27 dollars
2025-26 alone: #246 of 249
AAV $1.2M · 1.1% of cap at signing · $1.2M in 2026-27 dollars