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
+$2.0Munderpaidgrowth deal — priced on projection
Produces like #19 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #62 — $7.8M (#52 restated).
market pays $11.7M at that rank vs $9.8M in 2026-27 dollars
2025-26 alone: #17 of 249
priced on the trajectory: 2024-25 +0.99σ → 2025-26 +1.65σ
AAV $7.8M · 9.5% of cap at signing · $9.8M in 2026-27 dollars