Report: Kenneth Faried’s contract extension with Nuggets still imminent

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Kenneth Faried and the Denver Nuggets agreed to a five-year, $60 million contract extension.

But such an extension would violate the NBA’s Collective Bargaining Agreement.

So, the sides are renegotiating.

Now what?

Christopher Dempsey of The Denver Post:

Faried and the Nuggets have agreed on an extension, according to a league source. The only question remaining is just how long the extension will be.

It is most likely that Faried’s deal gets amended to a four-year deal in the neighborhood of $48 million, plus whatever bonuses and incentives are included in the deal.

No matter how it ends up, the two sides are extremely close on officially finalizing a contract

There was always a chance Faried wouldn’t accept fewer years and/or the Nuggets wouldn’t raise the annual salary. But considering the initial agreement came well before the Oct. 31 deadline, it’s unlikely both sides were at their ultimate limit. Both probably left enough wiggle room to find a legal extension.

It’ll be interesting to see which sides gives – and that could have as much to do with Faried’s value as who pushed for the illegal deal.