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