Three-time NBA MVP Nikola Jokić 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.

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.

Jokic is eligible for a three-year, $206.4 million extension as of July 8 — and Nuggets management has said they would offer it — but he told the Denver Nuggets that he is not going to sign it this summer,