On June 30, Nikola Jokic became the first player this offseason to agree to a contract officially known under the NBA collective bargaining agreement as the Designated Veteran Player Exception, but colloquially known as the supermax.
The contract, which kicks in when the terms of his current five-year rookie max extension expires at the end of the 2022-23 season, is worth $269.99 million over five years – the single largest contract in the history of the NBA, surpassing the $228.2 million supermax Milwaukee’s Giannis Antetokounmpo began one year ago.
Let’s break down all the details of the historic deal.
Nikola Jokic Contract Extension Details
- Years: 5 (2023-24 through 2027-28)
- Value: $269,990,000
- AAV: $53,998,000
- Free agency: 2028
- Jokic became supermax-eligible as a seven-year veteran who’s won an MVP
- Compensation starts at 35% of the salary cap annually
- Largest contract in NBA history by total value
- Salary estimated at $61.45 million for final year (2027-28)
Nikola Jokic Career NBA Earnings
- Base salary: $115,969,072
- Bonuses and incentives: $3,327,590
- Total earnings through 2021-22: $119,296,662
- Estimated total earnings through 2027-28: $421,775,550