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
+$0.8Mmarket rategrowth deal — priced on projection
Produces like #44 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #81 — $7.1M (#66 restated).
market pays $9.6M at that rank vs $8.8M in 2026-27 dollars
2025-26 alone: #46 of 249
priced on the trajectory: 2024-25 +0.32σ → 2025-26 +0.82σ
AAV $7.1M · 8.6% of cap at signing · $8.8M in 2026-27 dollars