Friðrik spent the majority of his career with Njarðvík, where he won the Icelandic national championships 6 times.
[2] Friðrik coached for nine seasons in the Úrvalsdeild karla, winning the national championship in 2001 and 2002.
[3] Between 1989 and 1999, Friðrik played 31 games for the Icelandic national team.
[4] Friðrik served as the chairman of Njarðvík's basketball department from 2017[1] to 2019.
[5] Friðrik is the father of Icelandic national team member Elvar Már Friðriksson and Úrvalsdeild point guard Ragnar Helgi Friðriksson.