Denver Nuggets superstar Nikola Jokic will not seek a contract extension this summer and delay extension talks until next summer, a league source confirmed to ESPN on Tuesday.
Jokic has three years remaining on a five-year, $276 million contract extension he signed in the summer of 2022. The three-time MVP has a player option in the final year of the deal worth $62.8 million in 2027-28.
Jokic was eligible to sign a three-year, $200 million extension up until Oct. 20, according to ESPN's Bobby Marks. The first year of the extension would have replaced his player option.