Kenneth Faried has agreed to a five-year, $60 million contract extension with the Denver Nuggets, according to sources.

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.

Faried averaged 13.7 points and 8.6 rebounds last season and played an integral role for Team USA in the FIBA World Cup over the summer.