Nikola Jokic and the Denver Nuggets have signed a five-year deal worth $270 million, the richest contract in NBA history.
Jokic’s four-season base contract begins with the 2023-24 season with a salary of $46.6 million ($A69 million).
ESPN reported that the fifth year of the new deal is a player option for the 2027-28 season worth at least $61.1 million ($A90.2 million), meaning he is under contract for the next six years for a total of $US303 million ($A447 million).
Jokic, 27, defeated 76ers center Joel Embiid in the voting for the 2021-22 MVP award, becoming the 13th back-to-back winner, and was again named All-NBA First Team.
Jokic averaged 27.1 points, 13.8 rebounds, 7.9 assists and 1.47 steals in 74 games for the Nuggets last season.
He led the NBA with 19 triple-doubles and became the first player in NBA history to score at least 2,000 points, 1,000 rebounds, and 500 assists in a season.
“I don’t know what else you can say about Nikola right now,” said Denver coach Michael Malone.
“He’s constantly improved his game, he’s constantly proven people wrong when they doubt him and he’s consistently the best player on the floor, night in, night out.
“I’ve said it before. I’m immensely grateful to Nikola Jokic and equally grateful for the bond we’ve built on the pitch over our seven years together.”
The others to win consecutive MVPs are Giannis Antetokounmpo, Kareem Abdul-Jabbar, Larry Bird, Wilt Chamberlain, Steph Curry, Tim Duncan, LeBron James, Magic Johnson, Michael Jordan, Moses Malone, Steve Nash and Bill Russell.
Jokic usually downplays his success, but is well aware that he is now working with great company after a second MVP award.
“I’m not thinking about it at the moment,” Jokic said of winning the award.
“But hopefully when I’m old, fat and cranky, I’ll remember it and tell my kids I used to be pretty good at basketball.
“Everyone knows I’m the same man, so hopefully I’ll stay the same after this.
“Just being in that company of Wilt and all the guys who have made history in this league and this sport. That says a lot and means a lot to have such a legacy.”