Breaking NBA News: Nikola Jokic Will NOT Be Signing Extension with Nuggets

In a stunning revelation on Tuesday, we've learned that three-time MVP Nikola Jokic has informed the Denver Nuggets that he will NOT be signing an extension with them this summer.

Nikola Jokic has informed the Nuggets he will not sign a contract extension this offseason, per @denverpost

He intends to wait until next summer to engage in contract talks

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Now, in full transparency, he does stand to earn an extra $80 million if he waits until next summer to sign an extension. But, hey, this is the NBA: there are a lot of crazy things that can happen between now and then. It's notable that the Nuggets have shaken up the roster this offseason, so who knows how things will go under a completely new look.

The Nuggets traded longtime sharpshooter Michael Porter Jr. in exchange for Cam Johnson; Russell Westbrook is also expected to leave in free agency; and they have yet to play a full season under new head coach David Adelman after firing their championship-winning coach Michael Malone near the end of the campaign.

Earlier this offseason, the Nuggets had a feeling that Jokic would not be signing just yet, as relayed by the team's front office in The Denver Post:

"We're definitely going to offer (the extension now)," KSE vice chairman Josh Kroenke said in June. "I'm not sure if he's going to accept it or not, because we're also going to explain every financial parameter around him signing now versus signing later. To be completely transparent, that's the way we always are. And then he makes the best decision for himself and his family, and we'll support him in it."

With two years still remaining on his supermax contract, he became eligible on Tuesday for an extension that would add up to three years and $212 million to his existing deal. But hey, if you can get $292 million instead, why not wait?

After three MVPs and an NBA championship, one would have thought that Jokic had already reached the pinnacle, but he topped everyone's expectations yet again this past season, becoming the first center in NBA history to average a triple-double, finishing with 29.6 points, 12.7 rebounds and 10.2 assists per game.

He finished as runner-up for what would have been his 4th MVP, to Shai Gilgeous-Alexander, who led the Oklahoma City Thunder to the NBA championship.