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
+$1.2Munderpaidone-season rating
Produces like #134 of 250 priced forwards on 2025-26 alone (one qualifying season), paid like the #205 — $3.4M (#207 restated).
market pays $4.8M at that rank vs $3.7M in 2026-27 dollars
2025-26 alone: #146 of 249
one-season rating — the blend rests on 2025-26 only (he qualified in one of the two blend seasons); wider uncertainty than a two-season read
AAV $3.4M · 3.8% of cap at signing · $3.7M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.