Nikola Jokić, born on February 19, 1995, is a Serbian professional basketball player who is a center for the Denver Nuggets of the National Basketball Association (NBA). A five-time NBA All-Star, he has been named to the All-NBA Team on five occasions (including three first-team selections), and won the NBA Most Valuable Player Award for the 2020–21 and 2021–22 seasons. He represents the Serbian national team with which he won a silver medal at the 2016 Summer Olympics. Let us discuss about Nikola Jokic Contract details with Nuggets.
Nikola Jokic Contract details with Nuggets
Nikola Jokic has established himself as one of the top players globally in the last three years. He secured consecutive MVP awards in 2021 and 2022 and was a runner-up this season. The Denver Nuggets granted him the biggest NBA contract ever, a five-year, $272 million extension that will take effect next season. His earnings will be $46.9 million in the first year, followed by $50.6 million, $54.5 million, and $58.2 million from 2025 to 2027. He has a player option worth $61.9 million for the 2027-28 season. Jokic, also known as “The Joker,” will be 32 years old when his contract expires, implying that he could sign another maximum contract. The Nuggets will benefit significantly if they win the 2023 NBA championship.
Why he’ll receive only 49% of his $46.9 millions Income?
Nikola will receive only 49% of his $46 million contract with the Denver Nuggets due to the structure of the NBA’s salary cap rules. The maximum amount a team can offer a player is determined by the salary cap, which is calculated based on the league’s revenue. In Nikola’s case, his contract exceeds the maximum amount the Nuggets can offer him while staying under the salary cap. As a result, the team can only offer him 49% of his total contract value. Also read: Nikola Jokic 13th triple-double propels the Nuggets to their sixth straight victory
Previous Contracts with Denver Nuggets
Nikola Jokic, the 41st overall pick in the 2014 NBA draft, signed a three-year, $4.1 million contract when he joined the league a year later. In 2018, he had a breakout season with averages of 18.5 points, 10.7 rebounds, and 6.1 assists per game. The Nuggets rewarded him with a five-year, $147.7 million contract extension, which has proven to be a bargain for Denver. Jokic won back-to-back MVPs in 2021 and 2022 and led the Nuggets to their first NBA Finals appearance this season. They are one win away from winning the NBA championship for the first time in franchise history. Also read: Nikola Jokic made NBA history: a never-before-attempted Triple-Double against the Lakers
Nuggets one win away from NBA title
Despite being plagued with foul trouble, Nikola Jokic still managed to contribute 23 points, 12 rebounds and four assists in the Denver Nuggets’ 108-95 win against the Miami Heat in Game 4 of the NBA Finals. Aaron Gordon stepped up with a new playoff career high of 27 points, seven rebounds and six assists, while Bruce Brown Jr. added 21 points, four rebounds and two assists off the bench. The Nuggets now lead the series 3-1, with Game 5 taking place in Denver on Monday night. Jokic’s potential championship ring could further cement his growing legacy and potentially place him in the top 20 of the greatest of all-time rankings. Also read: Who is Nikola Jokić Wife? Know all about Natalija Mačešić
Q: How much is Jokic’s contract?
Ans- In 2022, Jokic signed a five-year, $264 million extension with the Nuggets. It’s the largest contract in NBA history.
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