THE VALUE BOARD
Every NBA contract graded by what a player actually produces — Net Impact — against what he's paid. The biggest steals and worst contracts in basketball, the lens for every off-season move.
As of 2026-07-18 · 2025-26 salaries
BIGGEST STEALS
Most Net Impact delivered per $1M of salary. Rookie-scale deals dominate by design — they're the cheapest production in the league.
WORST CONTRACTS
Players paid $20M+ producing well below what that money should buy. (Genuine top-tier stars are excluded — a max deal for an elite player is a salary-cap artifact, not a bad contract.)
How the Value Board works
Net Impact is our per-possession value metric — points created vs. an average player, built from play-by-play credit. Season averages are empirical-Bayes shrunk toward the league mean by each player's own game-to-game consistency, so a small-sample spike can't mint a fake bargain (no minimum-games cutoff — we shrink, never suppress).
Surplus regresses every salary on stabilized Net Impact to find the league's revealed price per impact point, then takes the residual: what the market would pay for this production, minus the actual salary. Above the line = steal; far below it at star money = bad contract.
RAPM (multi-year regularized plus-minus) is shown as an independent sanity check — when surplus and RAPM agree, the signal is real.