Report: Kenneth Faried agrees to four-year, $50 million contract extension with Nuggets

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As expected, Kenneth Faried and the Nuggets have found common ground on a contract extension.

Again.

This time, it’s allowable.

Faried and the Nuggets agreed to a five-year, $60 million extension, but that deal would have violated the Collective Bargaining Agreement.

So, they renegotiated.

Adrian Wojnarowski of Yahoo Sports:

Faried gives up $2 million of guaranteed money (the initial agreement called for $52 million guaranteed) in exchange for $500,000 extra per season of the four-year deal. That seems like a pretty fair tradeoff.

The final version of this extension, like the first iteration, looks like a win for the Nuggets. As the salary cap skyrockets under the new TV contract, many long-term player contracts signed now will look small.

Most importantly, Denver locks up a really good player for a long time.