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
−$0.0Mmarket rategrowth deal — priced on projection
Produces like #35 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #44 — $8.3M (#37 restated).
market pays $10.4M at that rank vs $10.4M in 2026-27 dollars
2025-26 alone: #34 of 249
priced on the trajectory: 2024-25 +0.51σ → 2025-26 +1.09σ
AAV $8.3M · 10.1% of cap at signing · $10.4M in 2026-27 dollars