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 rategrowth deal — priced on projection
Produces like #36 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #50 — $8.0M (#42 restated).
market pays $10.3M at that rank vs $10.1M in 2026-27 dollars
2025-26 alone: #50 of 249
priced on the trajectory: 2024-25 +0.95σ → 2025-26 +0.75σ
AAV $8.0M · 9.8% of cap at signing · $10.1M in 2026-27 dollars