Coming off a sensational FIBA World Cup, in which he averaged 12.2 points and 7.7 rebounds, the Denver Nuggets recognized that they needed to lock up Kenneth Faried to a long-term deal.
According to Adrian Wojnarowski of Yahoo Sports, the Nuggets and Faried have reworked the extension and he will sign a four-year, $50 million deal.
Denver Nuggets, Kenneth Faried have reworked extension agreement. Faried will sign a 4-year, $50 million deal, league sources tell Yahoo.
— Adrian Wojnarowski (@WojYahooNBA) October 7, 2014
A lot of people are wondering why Faried’s deal was reworked and many asked is it because of the new TV deal that the NBA just announced on Monday. Well to answer that, Wojnarowski shed some more light on the situation.
CBA verbiage on 5 years for rookie ext. less than max is ambiguous, at best. Denver talking w/ NBA on Faried now, could turn to 4-year deal.
— Adrian Wojnarowski (@WojYahooNBA) October 6, 2014
After consulting with NBA, Denver had to re-work 5-year deal to 4 years. This time, Faried gets $12.5M per, chance to be free agent at 28.
— Adrian Wojnarowski (@WojYahooNBA) October 7, 2014
If you are Faried, this is great news because by time he hits 28 years old, he will be just hitting his prime. Thus far in his NBA career, he is averaging 12.1 points, 8.6 rebounds and 1.0 blocks per game. Faried was drafted with the 22nd overall pick in the first round of the 2011 NBA Draft.
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