When the New Orleans Pelicans extended the contract of Zion Williamson in July 2022, it was a jubilant moment for the franchise. New Orleans had managed to lock up Williamson for five additional years for $197 million, ensuring the star selected No. 1 overall in 2019 would remain in town.
The deal itself was significant, with Williamson seen not only as key to turning the Pelicans into a contender, but also as an example of a young All-Star willing to reach a long-term deal with a small-market team. It was not without risk, however — Williamson had missed significant chunks of his first three years in the NBA, including the entire 2021-22 season.