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 offseason, but that is not as troubling of a situation for the Western Conference team as it may seem.

"Nikola Jokic has informed the Nuggets he won't sign a contract extension this offseason, team sources told [the Denver Post]," Bennett Durando reported via his X account on Tuesday. "Here's why it makes sense to wait."