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NBA: Nikola Jokic declines extension; set to sign $359 million deal next season

Yaw Adjei-Mintah by Yaw Adjei-Mintah
July 7, 2026
Reading Time: 1 min read
Nikola Jokic (15) of the Denver Nuggets speaks to members of the media after the Minnesota Timberwolves' 110-98 Game 6 NBA Playoffs series win at the Target Center in Minneapolis, Minnesota on Thursday, April 30, 2026. Minnesota eliminated the Nuggets 4-2. (Photo by AAron Ontiveroz/The Denver Post)

Nikola Jokic (15) of the Denver Nuggets speaks to members of the media after the Minnesota Timberwolves' 110-98 Game 6 NBA Playoffs series win at the Target Center in Minneapolis, Minnesota on Thursday, April 30, 2026. Minnesota eliminated the Nuggets 4-2. (Photo by AAron Ontiveroz/The Denver Post)

By turning down the chance to sign a contract extension with the Denver Nuggets this offseason, three time NBA Most Valuable Player Award winner Nikola Jokic is in line to sign a bumper contract to stay with the Nuggets.

Jokic has two more seasons left on his contract that pays him an average salary of $55.2 million but the Serbian player can opt out after this upcoming season and become a free agent.

By turning down the chance to sign an extension, the multiple time NBA All Star Jokic is eligible to sign a five year deal worth $359 million next season with the Denver Nuggets.

That should increase his average salary from $55.2 million to $71.8 million while playing for the team he has been on since joining the NBA as the 41st pick in the 2014 NBA Draft.

Speaking to journalist Marko Ljubomirovic after aiding Serbia beat Bosnia and Herzegovina 94-81 in a FIBA Basketball World Cup qualifier, Nikola Jokic said,

Nikola Jokic #15 of the Denver Nuggets shoots the ball against Rudy Gobert #27 of the Minnesota Timberwolves in the second quarter of Game Three of the First Round of the 2026 NBA Western Conference Playoffs (Photo by David Berding/Getty Images)

“My idea and my wish is to stay in Denver. I will most probably sign next summer. The decision is strictly business oriented. My wish is to stay and play for Denver the rest of my career. It’s on them if they want me.”

Nikola Jokic #15 of the Denver Nuggets drives to the basket against Ivica Zubac #40 of the Los Angeles Clippers (Photo by Matthew Stockman/Getty Images)

Jokic averaged 27.7 points, 12.9 rebounds and 10.7 assists last season.

 

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