If Denver exercises its team option for 2018/19, Jokic would become an unrestricted free agent next summer. Currently, Jokic is arguably the biggest bargain in the league. He made $1.47MM this season and the team option is just $1.6MM.
If the Nuggets declines their option, Jokic will be a restricted free agent this summer and they’ll be able to match any offer. The team option deadline is June 29th.
Jokic is represented by Jeff Schwartz of Excel Sports Management.
The Nuggets want to keep Jokic, but matching an offer sheet rather than paying him $1.6MM in 2018/19 would have major luxury-tax implications for next season unless they can dump some salary. Still, president of basketball operations Tim Connelly talked at season’s end about wanting to get Jokic’s signature on a long-term contract sooner rather than later, so the team and the center’s camp may be on the same page when it comes to that option decision.
Jokic had a breakout season in 2016/17 and continued to increase his production despite a stronger lineup around him. He averaged 18.5 PPG and 10.7 RPG in his third NBA season while connecting on 39.6% of his 3-point attempts.