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.

Jokić stands to make significantly more money by waiting. Here's a closer look at why Jokić is pushing off extension talks and what it means for the Nuggets as they try to make a push for another title after consecutive second-round exits.

Jokic is eligible for a three-year, $206.4 million extension as of July 8 — and Nuggets management has said they would offer it — but he told the Denver Nuggets that he is not going to sign it this summer,