While the National Basketball League is currently in the middle of the playoffs, many teams are sitting at home forced to watch it on TV. One of those teams is the Denver Nuggets. Although the Nuggets finished the regular season ten games above .500, they missed out on the playoffs by a mere victory. Part of the reason they fell short of the playoffs could be attributed to the absence of Kenneth Faried. Kenneth was plagued by injuries throughout the season, only appearing in 32 contests for the Nuggets. What is Kenneth Faried’s net worth? Kenneth Faried’s net worth currently tops out at $11 million.
Nicknamed the “Manimal”, Faried was drafted by the Denver Nuggets in the first round of the 2011 NBA draft. Although he wasn’t widely known in college, Kenneth excelled as a top player for Morehead State. In his senior season, he averaged a double-double and led the NCAA in rebounds for the year.
His rookie season got off to a slow start, but he eventually started to see his minutes increase due to the injuries of others. He averaged over ten points and seven rebounds a game in his rookie season leading him to be named to the NBA All-Rookie First Team. In his first season with the Nuggets, Kenneth Faried earned just over $1 million in salary; however, it would be a later extension that gave rise to Kenneth Faried’s net worth.
Faried continued his strong play during the first four seasons of his career. This eventually led to him signing a four year $50 million extension with the Nuggets. It was this contract that helped push Kenneth Faried’s net worth to the eight figure mark.
Despite having much success at the beginning of his professional career, many worry that Faried is now past his prime. Even though he is only 28 years of age, his statistics have steadily dropped over the past two seasons. For the 2017-2018 basketball season, he averaged a career low in points per game and rebounds per game.
The Denver Nuggets have one year remaining on the contract for their power forward. Faried is scheduled to make nearly $14 million next season. Many in the basketball world have speculated that the Nuggets might look to trade Kenneth during the offseason to help free up some cap space.
Assuming he is able to play the entirety of the 2018-2019 NBA season for his guaranteed contract, we expect Kenneth Faried’s net worth to increase by approximately $4 million. It is an unfortunate thing that Kenneth’s play is beginning to go downhill at this point in his career. We have seen many professional athletes ink enormous contracts with the ever-growing cap space.
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James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.