Denver Nuggets forward Kenneth Faried has reached agreement on a five-year, $60 million contract extension.
Faried is part of the 2011 NBA draft class eligible for extensions until Oct. 31.
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.
Faried averaged 13.7 points and 8.6 rebounds last season.