That’s the season pass...not the “season of content”. I believe those are 2 separate things. The season pass gives extra rewards and activities during that active season of content. You can have season of the undying and not have the season pass (1000 silver) for the season of the undying (i.e. season of content). Bungie said we will no longer need to buy a years worth of “season of content” upfront (like the annual pass last year), and “season of content” will be a la carte. That means the deluxe doesn’t come with a years worth of “season of content”.