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
+$4.3Munderpaidgrowth deal — priced on projection
Produces like #11 of 250 priced forwards over two seasons (5:3 blend of Season impact), paid like the #43 — $8.4M (#61 restated).
market pays $13.4M at that rank vs $9.1M in 2026-27 dollars
2025-26 alone: #9 of 249
priced on the trajectory: 2024-25 +1.37σ → 2025-26 +1.98σ
AAV $8.4M · 9.6% of cap at signing · $9.1M in 2026-27 dollars