Nikola Jokic Clears Stance on Nuggets Extension as $360M Decision Looms

Four summers ago, after a first-round loss to the Warriors, the then-reigning MVP said he would accept a supermax offer if it was on the table. Nikola Jokic signed it. Now the three-time MVP has passed on a $278 million extension for the second straight summer, and his latest promise carries a condition: he will sign, but only if Denver wants him.

Speaking at Ball Arena on media day Monday, Jokic left no doubt about his plan: "I'm going to sign next year… if they want me." He called the delay "business" and said he had open conversations with the front office and ownership. He can sign anytime between now and June 30, 2027.

This summer, Nikola Jokic could have signed a four-year, $278 million extension. Next summer, he is eligible for a five-year deal worth $360 million. Executive vice president Ben Tenzer said, "We have no concerns." A team source told ESPN the Nuggets understood the delay to be financially motivated.

The message is consistent. In July, after a FIBA World Cup qualifier in Serbia, Jokic said, "My desire is to play the rest of my life in Denver." Waiting does carry one issue, though. By holding off, he keeps the chance to explore other options next offseason.

Why Waiting Gives Jokic a Bigger Deal and More Leverage Over Denver

The five-year max he can sign in 2027 is the longest and most lucrative deal the Nuggets can offer. It includes a no-trade clause and only happens if he hits the open market.

His current contract runs two more seasons, with the last year a player option. Signing next summer would keep him in Denver through his age-37 season and give the Nuggets a six-year window to chase another title.

Jokic has used this strategy before. Last summer he passed on a three-year, $206 million deal. This summer's offer rose to four years and $278 million, adding a guaranteed year into his mid-30s. He turns 32 in February, and the CBA's over-38 rule could affect whatever contract follows this one.

The leverage also comes from the floor. Jokic led the NBA in rebounding (12.9 per game) and assists (10.7) while scoring 27.7 points per contest in 65 games last season, finishing runner-up in MVP voting for the second straight year.

Yet Denver, third in the West, lost a six-game first-round series to the Timberwolves. After that exit, Jokic said he wanted to be a Nugget for life.

Both sides say they want the same outcome, and the only issue is the timing. Over the coming months, Denver has to show that a roster built around Jokic justifies a $360 million commitment.