The Denver Nuggets and Kenneth Faried have agreed upon a reworked contract extension worth $50 million-plus over four seasons.

For the Nuggets and Faried, the paring down of an original five-year, $60 million pact on Sunday night ultimately satisfied both parties.

The fact that five-year deals on rookie extensions are only allowable for maximum contracts ultimately moved the sides toward reconstructing the extension.

The sides found common ground on a $12.5 million annual deal that keeps Faried out of the restricted free-agent market in July 2015.