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 Jokic is not yet ready to sign an extension with the Denver Nuggets. It doesn't come without risk, but it also comes with a ton of reward. According to Bennett Durando of The Denver Post, the three-time NBA MVP will not sign a contract extension with the Nuggets this offseason.

Josh Kroenke, the vice chairman of Kroenke Sports and Entertainment, explained earlier this offseason the team was going to present both options to Jokic - and respect his decision