The five-year $270m extension is one of the largest in NBA history.

Denver Nuggets fans will be happy to hear that Nikola Jokic will be around for another five years. The latest deal will keep him with the team through at least the 2027-28 season.

This deal came on a day when plenty of players received supermax contracts. The deal includes a player option and a trade kicker. The contract begins during the 2023-24 season at $46.6m and climbs each season until 2027-28 when Jokic is set to make $61.5m.

Jokic, 27, averaged 27.1 points, 13.8 rebounds, and 7.9 assists in 74 games for the Nuggets last season. He also won the MVP of the NBA’s 2021-22 season, edging out Joel Embiid.

Unfortunately, the Nuggets' post-season hopes ended quickly as they were eliminated from the playoffs by the Golden State Warriors. 

Supermax contracts are only offered to select players, this would include making the All-NBA team or winning Defensive Player of the Year in either the most recent season or the two prior seasons.

Players can also earn supermax contracts by winning the league's MVP award in any of the past three seasons. 

Now, with his new contract, Jokic will likely hope to push further into the NBA Playoffs. The Nuggets have been disappointing in their recent playoff appearances.

However, if they’re able to get a healthy Jamal Murray back into the lineup, the chances look better. Still, they’ll need to make a few adjustments to contend with the Warriors. 

Murray has missed the postseason for the last two years. In 2021, Denver lost in the second round to the Phoenix Suns.

Earlier this week, the Nuggets acquired guards Kentavious Caldwell-Pope and Ish Smith.