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.

Nikola Jokic is one of the examples of an NBA player worth more than the salary cap rules will allow him to be paid. The Athletic's John Hollinger posits that Jokic is worth "double this" of his pending contract extension.

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.