Nikola Jokic has been carrying the Denver Nuggets on his shoulders for quite some time, and he’s not going anywhere. The two-time NBA MVP just signed a five-year supermax extension with his current team, worth a record-breaking sum of $264 million.
This new deal will keep Jokic in Denver through the 2027-28 season, and it’s quite historic. If the reports are to be believed, he could make roughly $60 million a year after signing this deal – and he’s worth every penny.
The Serbian player went from no. 41 draft pick to the two-time MVP and helped the Nuggets reach elite status under his wing. Since joining the team in 2015, he became the first player in Denver’s history to earn All-NBA team honors in four straight seasons and to have three career first-team selections.
Two-time NBA MVP Nikola Jokic has agreed to a five-year, $264 million supermax contract extension with the Denver Nuggets, the richest deal in NBA history, sources tell @TheAthletic @Stadium. Fifth season (2027-28) will be a player option at $60M.— Shams Charania (@ShamsCharania) June 30, 2022
Earlier this year, Jokic defeated Joel Embiid and Giannis Antetokounmpo to take his second consecutive MVP award, becoming only the second European player to win it more than once. He stayed incredibly humble about his achievement, saying it “doesn’t mean anything special” and that he’s just trying to compete and win games.
Jokic averaged 27.1 points, 13.8 rebounds, and 7.9 assists per game last season, and became the first NBA player to ever reach at least 2,000 points, 1,000 rebounds, and 500 assists in a single season.