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
−$0.4Mmarket rate
Produces like #160 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #159 — $4.6M (#176 restated).
market pays $4.2M at that rank vs $4.6M in 2026-27 dollars
2025-26 alone: #184 of 249
AAV $4.6M · 4.5% of cap at signing · $4.6M in 2026-27 dollars