The Denver Nuggets and Carmelo Anthony are making significant progress on a contract extension that would result in Anthony landing a new contract this offseason, according to sources with knowledge of the discussions.

A three-year max extension worth more than $60 million could be announced within days of Thursday's draft, sources said. Another source estimated the timetable at "a couple of weeks."

If Anthony chose to wait on an extension to explore free agency, he would become the prime face of the 2011 summer.

Sources say some within Anthony's camp would prefer to keep pressure on the Nuggets to continue to improve, but getting a more favorable contract under the current CBA is an incentive.