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
+$3.3Munderpaidgrowth deal — priced on projection
Produces like #17 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #82 — $7.0M (#69 restated).
market pays $12.1M at that rank vs $8.7M in 2026-27 dollars
2025-26 alone: #7 of 249
priced on the trajectory: 2024-25 +0.88σ → 2025-26 +2.02σ
AAV $7.0M · 8.5% of cap at signing · $8.7M in 2026-27 dollars