Nikola Jokic has informed the Denver Nuggets he will decline their three-year, $212 million extension offer this offseason. Jokic can earn an additional $80 million by delaying an extension until the 2026 offseason. 

The Nuggets had anticipated that Jokic would likely decline the offer.

“We’re definitely going to offer it,” KSE vice chairman Josh Kroenke said in June. “I’m not sure if he’s going to accept it or not, because we’re also going to explain every financial parameter around him signing now versus signing later. To be completely transparent, that’s the way we always are. And then he makes the best decision for himself and his family, and we’ll support him in it.”

Jokic has continued to play at an MVP level since leading the Nuggets to the championship in 2023. The Nuggets were eliminated in the second round each of the past two seasons. Jokic wanted the Nuggets to add depth to the team and he is reportedly pleased with their additions of Cam Johnson, Bruce Brown Jr., Tim Hardaway Jr. and Jonas Valanciunas.