Nuggets vice chairman Josh Kroenke said that Nikola Jokic will receive a contract extension offer this offseason, The Denver Post’s Bennett Durando tweets, though the superstar center could receive an even bigger deal by waiting another year.
“We’re definitely gonna offer it,” Kroenke said during a Tuesday press conference. “I’m not sure if he’s gonna accept it or not because we’re also gonna explain every financial parameter around him, signing now versus signing later.”
Jokic’s contract runs through 2026/27, with a player option for ’27/28. Jokic will become extension-eligible on July 8 and could sign for approximately $212MM at that time on a three-year extension that replaces his option — or he could wait until July 2026 and sign for four years and $293MM.
Here’s more from Kroenke’s presser, via Durando:
- Kroenke made an ominous, perhaps inadvertent statement, regarding the Collective Bargaining Agreement and its implications. While discussing the second tax apron, Kroenke brought up a doomsday scenario in which Jokic could be traded. “There are rules around it that we needed to be very careful of with our injury history,” he said (Twitter link). “Wrong person gets injured, and very quickly you’re into a scenario that I never want to have to contemplate, and that’s trading No. 15 (Jokic).”
- Regarding front office responsibilities, Kroenke indicated that Ben Tenzer, the new executive vice president of basketball operations, and former Timberwolves executive Jon Wallace, who was named executive vice president of player personnel, will share duties involving trades, free agents signings and contract negotiations. Kroenke will take a more hands-on role in the short run as the duo settles into their positions, then ease back and just check in with them every few days or on a weekly basis. (Twitter links)
- According to Vinny Benedetto of the Denver Gazette (Twitter link), Tenzer said that forward/center DaRon Holmes II would participate in Summer League play. Holmes tore his Achilles in his Summer League debut last July after the Nuggets traded up to snag him with the No. 22 pick.