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.

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.

Denver Nuggets superstar Nikola Jokic, eligible as of Tuesday for a contract extension, will wait until next summer to negotiate a new deal, the Denver Post and ESPN reported.