Reporter: Jokic has been eligible for early renewal, but it is unclear whether he will wait until next summer

According to Denver Sports reporter Jake Shapiro, Nicola Jokic will not become a free agent until 2027 at the earliest, but the team's cornerstone is eligible for early renewal from Tuesday local time.

reported that Jokic, 29, can sign a three-year, max salary of $206 million in advance renewal, which will be attached to his existing contract, which will last until the 2026-27 season and includes a player option for the 2027-28 season. However, it is not clear whether the three-time MVP will choose to sign now or wait until next summer to seek a potentially larger contract.

Last season, Jokic averaged 36.7 minutes per game, scoring 29.6 points, 12.7 rebounds and 10.2 assists.