Jokic won the award for the second year in a row.
The Serbian defeated the Philadelphia 76ers and the Milwaukee Bucks.
The Boston Celtics were beaten by the Milwaukee Bucks in the play-offs, but still managed to win the play-offs.
The Golden State Warriors were thrashed 134-95 by the Memphis Grizzles to keep their series alive.
The team scored the most points in their history in the post-season with 21 from Jaren Jackson Jr. and Tyus Jones.
They won the Western Conference play-offs without star point guard Ja Morant for the second game in a row because of a knee injury.
In Boston, Antetokounmpo scored 40 points as he helped his side to victory. The reigning NBA Finals Most Valuable Player made a series of clutch plays in the final 10 minutes of the game as the Milwaukee Bucks won 33-21.
The Greek missed a free throw that would have tied the game at 107, but Bobby Portis grabbed the loose ball and scored to give the Bucks the lead, and they went on to win.
Jokic won the Most Valuable Player award after receiving 825 points from a global panel of 100 sportswriters and broadcasters.
He became the first player in NBA history to record at least 2,000 points, 1,000 rebound and 500 assists in a season and the first player to average at least 25 points, 13 rebound and 6 assists per game.
It is the first time that international players have filled the top three spots.
"I don't know what else you can say about him at this point," said the head coach.
He has consistently improved his game, he has proved people wrong when they doubt him, and he is the best player on the floor.
I've said it many times before, I'm extremely grateful to coach Jokic and just as grateful for the bond that we've built off the court in our seven years together.
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