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
−$0.8Mmarket rategrowth deal — priced on projection
Produces like #69 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #78 — $7.1M (#73 restated).
market pays $7.7M at that rank vs $8.4M in 2026-27 dollars
2025-26 alone: #96 of 249
priced on the trajectory: 2024-25 +0.43σ → 2025-26 +0.29σ
AAV $7.1M · 8.1% of cap at signing · $8.4M in 2026-27 dollars