Nuggets’ Nikola Jokic Will Lose About $2.5 Million Under New Law in 2027

Résumé détaillé

Denver's highest-paid athlete will reportedly pay millions more in taxes because of a new amendment approved by Colorado voters.

When Colorado voters approved an amendment to the state tax code last week, Amendment 87 created a graduated state income tax that raised taxable income for those earning more than $500,000 starting in 2027.

Denver is home to teams in each of the four major North American men's professional sports leagues, and its highest-paid athletes in football, basketball, baseball and hockey are among those impacted the most by the new law.

No individual athlete will be compensated more handsomely in the first year of the new tax rate than Denver Nuggets star Nikola Jokic.

According to Sportico's Michael McCann and Robert Raiola, taxable income above $1 million will be taxed at the top marginal rate of 8.4%, which translates to about $2.5 million more than Jokiç would have paid under a 4.4% flat tax in 2027.

Jokic's five-year, $276 million contract with the Nuggets guarantees him $62.8 million in 2027-28 and $59 million in 2026-27.

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Sportico estimated that the Broncos, Nuggets, Rockies, and Avalanche — as well as the Colorado Rapids and Denver Summit FC — employ "likely around 100 players will earn $1 million or more in 2027." According to Mike Klis of 9NEWS, 52 of Denver's 53 active players earn more than $1 million this season.

Others affected to a lesser degree than Jokic include Colorado Rockies slugger Kris Bryant (guaranteed $26 million salary each of the next two seasons) and University of Colorado head football coach Deion Sanders ($11 million base salary in 2027).

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