Report: Kenneth Faried agrees to four-year, $50 million contract extension with Nuggets
As expected, Kenneth Faried and the Nuggets have found common ground on a contract extension.
This time, it’s allowable.
So, they renegotiated.
Adrian Wojnarowski of Yahoo Sports:
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
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.