The Denver Nuggets have reportedly locked up big man Kenneth Faried for the long-term.
The 24-year old stud has agreed to a five-year contract worth $60 million. Faried was eligible for an extension until Oct.31 – he averaged 13.7 points and 8.6 rebounds last season.
Per Yahoo! Sports:
The deal includes a partial guarantee in the fifth year that assures Faried he will make no less than $52 million over the life of the contract, sources said.
Denver general manager Tim Connelly and Faried’s agent, Thad Foucher of Wasserman Media Group, started to seriously exchange proposals in the past week and ultimately came to terms on a deal Sunday night, sources said.
Several other members of the 2011 draft class are negotiating extensions with their teams, including Golden State’s Klay Thompson, San Antonio’s Kawhi Leonard, Chicago’s Jimmy Butler and Utah’s Alec Burks and Enes Kanter.
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