The Denver Nuggets will decline a team option on center Nikola Jokic to make him a free agent and plan to sign him to a five-year, $146.5 million deal, reports Yahoo! Sports' Shams Charania.
The team option was worth $2.9 million for the 2018–19 season and the team could have exercised that option allowing Jokic to hit the free agent market next year.
In his third NBA season, the 23–year-old Jokic set career highs with 18.5 points, 10.7 rebounds and hit nearly 40% of his 3-point attempts for Denver, who won 46 games in the Western Conference.
The Nuggets still failed to make the playoffs after losing to the Minnesota Timberwolves on the last night of the regular season.
Jokic led Denver in points, rebounds assists and field goal percentage this season.