Jokic is eligible for a three-year, $206.4 million extension as of July 8 — and Nuggets management has said they would offer it — but he told the Denver Nuggets that he is not going to sign it this summer, waiting to discuss a contract with the team next summer, reports Bennett Durando of the Denver Post.

Nikola Jokić won't sign a contract extension with the Nuggets this offseason, according to the Denver Post. But there's a perfectly good — and obvious — reason for the season. He'll stand to secure roughly $80 million more if he waits to sign an extension until 2026.