Nikola Jokic has informed the Nuggets he will not sign a contract extension this offseason, team sources told The Denver Post, as the three-time MVP intends to wait until next summer to engage in contract talks.

Nikola Jokic has reportedly informed the Denver Nuggets that he does not intend to sign a contract extension at this time. The former MVP would be eligible to potentially sign a contract worth $80 million more next season.

Jokic and the Nuggets went 3-0 to close out the season, beat the Los Angeles Clippers in seven games during the first round of the playoffs and took the eventual NBA champion Thunder to seven games in Western Conference semifinals before being eliminated. Jokic averaged 26.2 points and 12.7 rebounds in the postseason run.