All the speculation that Kenneth Faried’s original 5 years 60 million dollar extension would violate the NBA’s CBA, the Nuggets have officially extended one of their bright young stars in Kenneth Faried for 4 more years and 50 million is the amount Kenneth Faried will make over that time. Faried will lose 2 million guaranteed dollars in the deal that would make the deal worth 52 million under the NBA’s new TV contract. While that is unfortunate, at least Faried got his contract done:
Denver Nuggets, Kenneth Faried have reworked extension agreement. Faried will sign a 4-year, $50 million deal, league sources tell Yahoo.
— Adrian Wojnarowski (@wojespn) October 7, 2014
#NNuggets sign Kenneth Faried to a 4 year 50 million dollar contract as this contract does along with the NBA's CBA
— Tony Montalto (@tony_montalto) October 8, 2014