Three-time MVP Nikola Jokić became eligible to sign an extension with the Denver Nuggets on Tuesday, but has informed the organization that he will not do so this summer, according to the Denver Post.

Three-time NBA MVP Nikola Jokic has decided to delay a contract extension with the Denver Nuggets this summer, a person with knowledge of the matter told The Associated Press on Tuesday night. The person spoke to the AP on condition of anonymity because neither Jokic nor the Nuggets have addressed the matter publicly.

Denver Nuggets superstar Nikola Jokic, eligible as of Tuesday for a contract extension, will wait until next summer to negotiate a new deal, the Denver Post and ESPN reported.