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13h ago

Nikola Jokic Passes on Immediate Extension to Chase Bigger 4-Year Deal

Delaying extension eligibility until next summer allows him to add a fourth year plus roughly $80 million to his contract

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Overview

  • On July 8, Jokic declined a three-year, $212 million offer and told the Nuggets he will wait until the 2026 offseason to negotiate a four-year, $293 million extension
  • The postponement grants him an extra season and approximately $77 million to $81 million in added earnings under NBA collective bargaining rules
  • Nuggets vice chairman Josh Kroenke confirmed the team intended to present the shorter deal this summer but supports Jokic’s aim to optimize his financial return
  • Denver revamped its basketball operations this summer by hiring David Adelman as head coach and appointing Ben Tenzer and Jon Wallace to lead front-office strategy
  • The franchise has also reshaped its roster around Jokic, trading Michael Porter Jr. for Cameron Johnson, acquiring Jonas Valančiūnas and signing Tim Hardaway Jr.