Denver, CO (SportsNetwork.com) - The Denver Nuggets have finalized terms on a multi-year contract extension with forward Kenneth Faried.
The length and value of Faried's new deal was not announced, but the Denver Post reported Tuesday it was 4-year, $50 million contract extension.
"I'm ecstatic to be signing this deal. Words really can't express it, I'm just all smiles right now," said Faried. "I want to thank God for this opportunity, and I'm excited to be a Nugget for the rest of my career."
Since being taken by the Nuggets with the 22nd overall pick of the 2011 NBA Draft, Faried has averaged 12.1 points, 8.6 rebounds and 1.0 blocks over three seasons.
The energetic 24-year-old averaged a career-best 13.7 points along with 8.6 rebounds over 80 games during the 2013-14 campaign, then earned a starting role on the United States National Team that captured the gold medal at the FIBA World Cup over the summer.
"We value the energy and excitement that Kenneth brings night-in and night-out and we are thrilled to have reached an agreement on a contract extension," said Nuggets general manager Tim Connelly. "We are truly looking forward to watching Kenneth continue to grow as a player and leader for the Denver Nuggets."