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
+$1.0Munderpaidstructural — entry-levelone-season rating
Produces like #220 of 250 priced forwards on 2025-26 alone (one qualifying season), paid like the #285 — $0.9M (#289 restated).
market pays $2.0M at that rank vs $1.0M in 2026-27 dollars
2025-26 alone: #223 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 $0.9M · 1.0% of cap at signing · $1.0M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.