JULY 8: Jokic’s super-max extension is now official, the Nuggets announced today in a press release.
JUNE 30: The Nuggets and two-time MVP Nikola Jokic have agreed to terms on a five-year, super-max extension that projects to be the richest contract in NBA history, sources tell Shams Charania of The Athletic (Twitter link).
Jokic has one year remaining on his current contract, so his new deal will begin in 2023/24 and will be worth 35% of that year’s cap, with subsequent 8% raises.
With the NBA now projecting a $133MM cap for ’23/24, per Eric Pincus of Bleacher Report (Twitter link), Jokic is on track to earn a starting salary of $46.55MM and a total of $269.99MM across five seasons.
The contract will include a player option in the fifth year, per Charania. Jokic’s salary for that season (2027/28) projects to be worth $61.45MM. The deal will also include a trade kicker, tweets ESPN’s Adrian Wojnarowski.
Jokic, who met the criteria for a super-max extension a year ago when he won his first Most Valuable Player award, wasn’t technically eligible to sign such a deal until this year, when he had seven years of NBA experience under his belt.
He cemented his case for that super-max deal by winning a second MVP award in 2021/22, establishing new career highs in PPG (27.1), RPG (13.8), and FG% (.583) while also averaging 7.9 assists, 1.5 steals, and 0.9 blocks per game in 74 contests (33.5 MPG).
This extension agreement had long been anticipated. Jokic’s agent Misko Raznatovic said earlier in the year that he anticipated his client would sign a super-max extension, and the center himself confirmed in April that he’d accept the offer if the Nuggets put it on the table.
Biggest no-brainer of this off-season
Of course it was going to happen but $61.45 in year 5…wow!
Yeah that $61M is wild. More than each of the A’s and Orioles entire payroll this season.
You’d rather pay a 32 year old that than some of these other guys in their late 30s making that big money
First player in a while to receive a super max that is actually worth it
It hasn’t been that long since Giannis signed his it just like forever at the pace the NBA news cycle turns over.
True but in 2 years there has been roughly a 7M per year jump.
I’d say it’s the second signed that has mattered and been worth it but I think the point is that usually the guys signing them offer a small return on investment.
Very well earned!
Grats Jokic
The NBA has lost 60% of their tv ratings, attendance is down, merchandise sales are down. Where does the league expect this money to come from?
The NBA gets the majority of its revenue from its multi billion dollar TV contract.
i believe of all American sports the NBA has the highest international revenue. I haven’t looked it up, but do remember seeing something to that affect.
That lost it when they turned everything racial
The league made nearly $9 billion in basketball-related income this past season.
Absolutely deserved. Super max should only be for the top 10 in the league players like Jokic, Steph and Giannis. Beal on the other hand is the worst contract in the league immediately
Nah Beal can at least play and he is a trade chip in the future.
Trade chip at 50 mill per? Only thing you’re getting back is bad contracts
John Wall would beg to differ.
Wall’s contract is done! Finished. Beal and Rudy will compete for the worst contracts now
You obviously forgot simmons
Russ wall or Beal. 3 least tradeable contracts in NBA
Nothing is more reflective of how great a player Jokic is than his getting a 270 mm contract and nobody on this board saying it’s an overpay.
Sounds crazy but given inflation, 60 mil a year will be the norm for max players in a handful of years!
Only fair that the best player in the league by a country mile is gonna be the best paid, as it should be!
Best futures bet your probably going to find all offseason is Denver to win it all +2,400 (9th highest odds in league)
T Wolves +4,000 probably deserves an Andrew Jackson as well
New Orleans and ATL at +5,000 and Cle at +12,000 not bad as well
You’re hoping for some newbies I take it
Those are teams that made good moves, but on the other hand, they have players to integrate.