NBA Rumor: Nikola Jokic Extension?

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Nikola Jokic set to sign supermax contract extension with Nuggets

After Jokic publicly stated his desire to sign the extension late last month, sources say the 27-year-old has reiterated his long-term commitment to the franchise this week and made clear his belief in the organization’s future in the wake of Connelly’s exit. Multiple sources tell The Athletic that when the Nuggets offer Jokic the five-year, $260 million supermax deal in July, the All-NBA center plans to sign the contract.

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Jokic’s brothers, Strahinja and Nemanja, met with Nuggets general manager Calvin Booth and assistant GM Tommy Balcetis in recent days to discuss the team’s future. All sides, sources say, left the meeting aligned in their vision. For the new Nuggets regime, it was important to spend time with the Jokic family in person stateside in the aftermath of Connelly’s departure. Booth and coach Michael Malone have also spoken to Nikola Jokic over the phone, as the big man remains on his annual offseason respite in Serbia. Both sides reaffirmed their long-term commitment to the partnership in that conversation.

Yet while the Nuggets are expected to move forward with their core of Jokic, Murray and Porter, sources say this Booth-led front office plans on being aggressive when it comes to improving the roster around them. The focus, sources say, is on adding the kind of long and versatile defensive-minded players who are on display in the Boston–Miami Eastern Conference finals. If that means discussing the team’s draft assets as a way of upgrading the level of win-now talent, sources say, then there will be an openness to doing just that.

Agent: Nikola Jokic expected to sign max extension this summer

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

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.”
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