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 #28 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #74 — $7.4M (#68 restated).
market pays $10.8M at that rank vs $8.8M in 2026-27 dollars
2025-26 alone: #35 of 249
priced on the trajectory: 2024-25 +1.22σ → 2025-26 +1.04σ
AAV $7.4M · 8.4% of cap at signing · $8.8M in 2026-27 dollars