Nikola Jokic has reportedly signed a supermax extension with the Denver Nuggets, worth $270million across five years.
Jokic's agents Jeff Schwartz and Mike Lindeman explained on Friday that their client had signed the deal just hours after NBA free-agency began on Thursday night.
With a year still remaining on his current contract, the two-time reigning MVP is now tied to the Nuggets until 2028, and is set to make $303million over those six years.
The deal includes a player option and a trade kicker. The contract will kick in during the 2023/24 season at $46.6 million and climb every season until 2027-28, when Jokic is set to make $61.5 million.
At just 27 years old, Jokic is already one of the best talents in the NBA, and won last season's MVP ahead of Philadelphia 76ers' Joel Embiid after averaging 27.1 points, 13.8 rebounds and 7.9 assists in 74 games for the Nuggets.
By winning the top individual honour for the second time in his career, Jokic became the 15th player in NBA history to be awarded MVP twice, while he's just the 10th to win it in consecutive seasons.
A supermax contract is only eligible to those named to an All-NBA team, players who have won Defensive Player of the Year in either the most recent season or the two prior seasons, or by winning the league's MVP award in any of the past three seasons.
Clearly eligible after clinching two MVP's, the Nuggets have rewarded Jokic with the biggest supermax contract in NBA history.
The 6ft 11" star is now a four-time All-Star and three-time All-NBA selection, and is regarded as the greatest passing big man in the history of the sport.
Now with his future secure, Jokic can look forward to trying to reach the NBA finals with the Nuggets for the first time in the franchise's career.
He'll hope to be joined by Jamal Murray and Michael Porter Jr, who both missed most of last season through injury.
Should the Nuggets keep their star trio fit and firing, there's every chance that Jokic can lead them to a championship, and who knows - maybe even a third MVP award.