The nuggets and MVP twice Nikola Jokic They agreed terms for a super-fast five-year extension so that the projects would be the richest contract in NBA history, sources tell Shams Charania of The Athletic (Twitter link).
Jokic has one year left on his current contract, so his new deal will start in 2023/24 and will be worth 35% of that year’s cap, with subsequent increases of 8%.
With the NBA now forecasting a $133 million cap for the year 23/24, Eric Pincus of Bleacher reports (Twitter link), Jokic is on his way to earning a starting salary of $46.55 million and a gross of $269.99 million across five seasons.
The contract will include a player option in the fifth year, per charanya. Jokic’s salary for this season (2027/28) will be $61.45 million.
Jokic, who met the criteria for a Super Max Extension A year ago when he won his first MVP award, he wasn’t technically qualified to sign such a deal until this year, when he had seven years of NBA experience under his belt.
He cemented his case for the super-max deal by winning his second MVP award in 2021/22, and achieved new career highs in PPG (27.1), RPG (13.8), and FG% (.583) while averaging 7.9 assists, 1.5 steals, and 0.9 blocks per game in 74 competitions (33.5 mpg).
This extension agreement has long been expected. Jokic وكيل agent Misko Raznatovic He said Earlier in the year He expected his client to sign a super-fast extension and the center itself Confirmed in April He will accept the offer if he puts the nuggets on the table.