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 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.

Nikola Jokić reportedly won’t sign a contract extension with the Denver Nuggets this summer because waiting until 2026 could earn him approximately $80 million more in guaranteed money.