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
+$4.9Munderpaidstructural — entry-levelone-season rating
Produces like #104 of 250 priced forwards on 2025-26 alone (one qualifying season), paid like the #274 — $1.0M (#273 restated).
market pays $6.0M at that rank vs $1.1M in 2026-27 dollars
2025-26 alone: #123 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 $1.0M · 1.1% of cap at signing · $1.1M in 2026-27 dollars
Below the model’s value/AAV floor — not a headline bargain.