The Nuggets are expected to offer Nikola Jokic a five-year supermax extension worth a combined $254 million this summer, one that would give him the largest contract in the history of the game. And when they do, he said, he plans on grabbing the nearest pen and sealing the deal.
Michael Singer: Nikola Jokic on the potential supermax this summer: "If offer's on the table of course I'm going to accept it."
Nikola Jokic became supermax eligible last season by virtue of winning his first MVP award. He will finally be able to sign it this offseason once he gets seven years of service on his belt. It is projected at $260 million over five years and would pay him $59.1 million in the 2027-28 season. His agent has already confirmed that Jokic plans on signing the extension this offseason.
Nikola Jokic's agent Misko Raznatovic confirmed that his client is expected to sign a supermax extension with the Denver Nuggets in 2022 NBA free agency. "According to our expectations, it should be signed this summer. The extension of the maximum amount, what he obviously deserved," Raznatovic said on the URBONUS podcast. Jokic became eligible for a supermax contract in 2022 or 2023 after winning the MVP award last summer. Per Bobby Marks of ESPN, Jokic's supermax extension in 2022 is projected to be the largest contract in NBA history, a total of $241M (based on a salary cap of $121.5M).
The last time Jokic signed a 5-year, $148M extension with Nuggets in 2018, he just exchanged emails with his agent. This time, if everything goes according to plan, Misko Raznatovic would like to organize a big party. "Luka Doncic organized a nice party for his last contract that put some kind of challenge primarily for me because I am very well known for organizing parties and participating in social life," Raznatovic smiled. "But knowing Nikola, probably nothing will happen, and everything will be the same. Just one piece of paper to be signed."
Because Jokic was named MVP, he is eligible to sign the supermax in 2022, when he'll have one year left on his existing deal, or in 2023, when he becomes an unrestricted free agent. LaVine, Booker and Towns are not quite as fortunate as Jokic. While their situations differ slightly -- Booker and Towns are not free agents in 2022, while LaVine is -- all three are supermax eligible, in either an extension or regular contract, if they earn All-NBA honors this season (or win MVP).
By earning MVP honors, Jokic has qualified for a supermax extension, which would be the largest in NBA history. However, because Jokic has only six years of service, the center will need to wait until the 2022 offseason to sign the five-year $241 million extension. The rules of the supermax stipulate that only players with seven or eight years of service are eligible to sign the extension. Here is a breakdown of what the max extension projects to be based on a $121.5 million salary cap. 2023-24: $42.6M 2024-25: $44.9M 2025-26: $48.2M 2026-27: $51.5M 2027-28: $54.8M
Bobby Marks: By virtue of winning MVP, Nikola Jokic is now eligible to sign a super max contract in either the 2022 or 2023 offseason. Jokic is not eligible this offseason because he is 1 year shy of the years of service criteria of 7.
Bobby Marks: The Nikola Jokic super max extension in 2022 is projected to be the largest contract in NBA history. *2023-24: $42.6M 2024-25: $44.9M 2025-26: $48.2M 2026-27: $51.5M 2027-28: $54.8M Total of $241M *Based on a salary cap of $121.5M
Chris Dempsey: Today is the day the Nikola Jokic contract saga officially gets rolling. This is the deadline day for his team option to be declined, which allows the #Nuggets to extending a qualifying offer & make him a restricted free agent. Then extension talks will take over.
Denver Nuggets center Nikola Jokic won’t join the Serbian national team in the June-July World Cup Qualifiers games because of his contract situation. Jokic revealed that Serbia head coach Sasa Djordjevic had already excluded him from his roster plans for the above reason. After all, the Nuggets could make Serbian center an unrestricted agent this summer and potentially offer him a max contract extension. “I talked to Sale [Sasa Djordjevic]. He told me he wasn’t planning on me. He knows what my contract situation is, so he doesn’t make his plans with me,” Jokic said to journalists during the Serbian League game between his former team Mega Leks and Partizan Belgrade, per Sport Klub. “We will see for the deal. When it comes to the new contract, nothing will be known until July 7.”
Nick Kosmider: Nikola Jokic’s agent says picking up the player’s option and letting Jokic become an unrestricted free agent in 2019 would be an unfavorable scenario for Nuggets. This is not a warning. It’s common sense. Denver won’t pass up the chance to lock Jokic up. Writing is on the wall.
August 13, 2022 | 7:37 pm EDT Update
The Warriors can pass on an extension for Poole if they choose, allowing him to become a restricted free agent next summer. If he gets there, one league executive speculates that we can expect at least one team with cap space to be ready to pounce. “I’d watch out for the Magic to be ready to make an offer if he’s restricted, knowing there’s a good chance Golden State is not going to match,” one Eastern Conference executive told Heavy Sports.
“LeBron James has not done enough as a Laker to be on that list,” Jefferson said. “Bron been there now — this is his fourth season, right? They’ve been in there four seasons. Two years, they haven’t made the postseason. One year, they lost in the first round. And one year, they won a championship.”
Memphis at Golden State is another Christmas Day game on the NBA’s preliminary schedule for the 2022-23 season that is on course to be made official this coming week, league sources tell me. More NBA from me: http://marcstein.Substack.com
August 13, 2022 | 5:50 pm EDT Update
“It was just like a shock, but not too much of a shock,” Will Barton said when asked his reaction to the trade. “It was a shock in that, obviously, I had been there eight years, did so much there together, so it’s always shocking when you’ve been somewhere for so long and you’re moving on. But, at the same time, I embraced it, I’m welcoming a new chapter.”
Will Barton doesn’t think about what could’ve been in Denver anymore. Now about six weeks removed from his trade to Washington, Barton doesn’t dwell on departing a contending team or leaving a starting unit featuring the back-to-back MVP. “That time and that chapter is over with,” Barton told The Denver Post over Zoom. “I don’t think about what could’ve been, what happened. I’ll wait until my career ...
Serbia defeated Montenegro 82-73 in a game played without spectators. It was the first test for the Serbs with Nikola Jokic scoring 16 points, Vasilije Micic adding 13 and Nikola Milutinov 12 points. Nemanja Bjelica played but did not score. Marco Simonovic and Bojan Dubljevic scored 17 points for the losing side.
Because Jaylen Brown is now two years into his original four-year extension, he’s eligible this summer to sign an extension that is three years years in length. During the 2023 offseason, Brown would be able to add four years via Veteran Extension. Because he’s not currently on a Designated Rookie Extension, Brown isn’t eligible to extend for the maximum amount possible. (At least not yet. We’ll cover that next!). That means Brown is eligible to do a standard Veteran Extension. And therein lies the rub.