The five-year, $197MM extension that Zion Williamson signed with the Pelicans in 2022 no longer carries a guarantee for the final three seasons, Mike Vorkunov of The Athletic has learned.
According to Vorkunov, a clause in the contract makes Williamson’s salaries for 2025/26, 2026/27, and 2027/28 non-guaranteed because he missed more than 22 games last season. A year after sitting out an entire season with a foot injury, Williamson managed to play in just 29 games in 2022/23, mainly due to a lingering hamstring issue.
Missing significant time again this season could reduce the guaranteed portion of Williamson’s $36.7MM salary for 2024/25, Vorkunov adds, although his contract contains provisions for him to earn back some of the guarantees by playing in a certain number of games and achieving weigh-in benchmarks. He has been more reliable so far this season, appearing in 23 of 28 games, even though there have been concerns about his conditioning.
Williamson risks losing more guaranteed money if he doesn’t keep adhering to the team’s weight guidelines. As previously reported, the Pelicans are requiring him to keep the total of his weight and body fat percentage below a combined 295, with Vorkunov noting that because Williamson was listed at 285 pounds last season, his body fat would have had to be less than 10% to meet that clause.
The contract also includes protections for the team if Williamson has further problems with the fifth metatarsal in his right foot, which is what sidelined him for the 2021/22 season. If he suffers another fracture or stress injury to that area, he will lose the guarantee on half his base salary for 2024/25, sources tell Vorkunov.
There are provisions for Williamson to regain portions of his guaranteed money, Vorkunov adds. Twenty percent of his 2025/26 salary will be guaranteed if he hits all six of his weight checkpoints next season, another 40% if he’s able to play in at least half the team’s game for 2024/25 and the remaining 20% if he reaches 61 games. Similar pathways exist for the 2026/27 and 2027/28 guarantees.
Vorkunov also reports that Williamson must be waived by July 15 of each year if the Pelicans decide to part with him before any of the final three seasons.
The Pelicans and Williamson’s agent, Austin Brown, refused to comment, but Vorkunov was able to confirm the details with six league sources.
Of course, the guarantees will only come into play if New Orleans decides to release Williamson before the end of the contract, and rival executives believe that would only happen in “extreme circumstances,” Vorkunov adds. Despite all the injury concerns and conditioning questions, the former No. 1 overall draft pick remains a supremely talented player, averaging 22.0 points, 5.8 rebounds and 4.6 assists per game this season while shooting 57.8% from the field.
John Hollinger of The Athletic provides an in-depth look at why the Pelicans are unlikely to part ways with Williamson before the deal expires, projecting that it would require a full-scale rebuild because of the difficulty of finding another star to replace him.