Kenneth Faried, Denver Nuggets revise extension

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Following questions regarding whether or not Kenneth Faried’s reported extension with the Denver Nuggets of five-years, $60 million was even a legal NBA contract under the current CBA, the two sides re-worked the deal. According to Yahoo Sports’ Adrian Wojnarowski, the deal will now be worth $50 million over four years.

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

While the previous deal was worth an average of $12 million per season, the new one is worth slightly more at an average of $12.5 per season. The previously reported deal could not work under the CBA because, basically, teams cannot offer a fifth year unless they “max out” the player.

As ProBasketballTalk.com’s Dan Feldman wrote, players on rookie-scale contracts cannot sign an extension for longer than four years.

"“The exception is when a team makes someone its designated player by giving him a five-year extension to a rookie-scale deal, but designated players must receive a max salary and 7.5 percent annual raises.“For Faried to be the Nuggets’ designated player, based on the NBA’s projected 2015-16 salary cap, his five-year extension would be worth about $89 million – far more than the reported $60 million.”"

Faried, who averaged 13.7 points and 8.6 rebounds last season, emerged as a leader for Team USA during its gold-medal outing at the FIBA World Cup. He is part of the 2011 rookie class that is eligible for contract extensions until Oct. 31 or become restricted free agents after the season.

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