No, it's not misleading at all. You're using numbers from his rookie contract. That'd be like using the last two years for Love('23 and '24).
Again, just restructured it adding 4 and nearly 220 himself before the '23 season.
There's nothing misleading about the numbers, the only thing misleading is thinking that's just a 10 year deal for 503M.
His rookie deal went until 2021.
17.9% of the salary cap in 2022
16.5% of the cap in 2023
14.5% of the cap in '24
24% of the cap the next two years.
And he'll almost certainly get another restructure, another big check, they'll lower those 66M dollar cap hits down to 30, spread it all out more and continue to do so.
He's not taking discounts. That's the point.
Love has cap hits of ~8%(still kinda part of the rookie deal, but they added $), ~11%, 12.37%, 13.57% and then ~21.6% when it gets up to 72M or whatever in 2028 at which time, he'll also have restructured(if he performs).
You might as well throw out the 10 year 503 numbers as they're ultimately mostly meaningless. From 2020 to '23, when he signed his first two contracts, he got ~275 in GTD money. And he should have, he deserved it and he's won a couple of SBs. But...he's not leaving money on the table, the numbers are the numbers. The only ones that matter are the cash paid and the cap hits(and they really only matter in 5 years increments). Not the 2030 numbers.