The Ornn Changes

Living Forge (Passive) [New Effect] "When Ornn hits level 11 any upgradable items he currently owns or buys in the future will automatically become upgraded for no cost. For the next 4 levels after 11, each level will allow Ornn to upgrade an item for an ally (max 1 per ally) at no cost. Ornn must get close to his ally and click on them, which will cause him to forge his ally's item and replace it for them when he's finished."

So does this mean he's practically giving 1000g free to each ally? And if he buys 6 upgradable items himself, the team profits a whopping total of 10,000g? This needs explanation