Zion Williamson signed a 2 year / $20,002,920 contract with the New Orleans Pelicans, including $20,002,920 guaranteed, and an annual average salary of $10,001,460.
Zion Williamson is prepared for a huge payoff after he was drafted by the New Orleans Pelicans with the first overall selection in the 2019 NBA Draft on Thursday but his true earning power lies in off-court prospects.
Williamson will be the most hyped basketball prospect since LeBron James, starting this first NBA season. The 19-year-old forward was impressive as a sophomore at Duke University, in a campaign containing numerous highlight-reel dunks and a deep foray into the NCAA tournament, winning the year’s national player honors.
Williamson will be entitled, as the first pick in the 2019 draught, to a guaranteed two-year deal worth an estimated $19.98 million, Spotrac estimates. The contract would also include two team rights for a third and fourth season, raising Williamson ‘s earnings to amount to $45 million by the completion of the NBA season 2022-23.
The NBA charges rookies based on a sliding scale that is tied to the draught location and the salary cap of the league. The first overall pick for the 2019-2020 season is scheduled for an $8.12 million base salary, according to Real GM, which is monitoring the deal. However, after discussions rookies will sign up for as much as 120 percent or as little as 80 percent of the base value.
The #1 overall selection in this year’s #NBA draft should be inline for a 2 year, $20M contract including 2 additional club options that will bring the contract close to $45M thru 2022-23.
— Spotrac (@spotrac) May 14, 2019
Williamson is projected to win his sneaker deal an even bigger fee. Sonny Vaccaro, an industry legend who has consulted with Nike, Adidas, and Reebok, said Williamson could enter into an incredible $100 million contract with whichever company wins the bidding war with his services. By reference, James had signed $87 million ahead of his NBA debut with Nike in a deal.