49ers Quarterback Deal
June 5, 2014 by staff
49ers Quarterback Deal, The 49ers wanted to get an extension done with quarterback Colin Kaepernick before training camp started in July and they did that on Wednesday in record-setting fashion. Kaepernick and San Francisco have agreed to terms on a six-year, $126 million deal that will include $61 million in guaranteed money, CBS Sports NFL Insider Jason La Canfora has confirmed.
The $61 million in guaranteed money is the most ever given to an NFL player in one contract. The money isn’t technically fully guaranteed because Kaepernick has to be on the roster at a certain date each season. Additionally, La Canfora reported Thursday, Kaepernick has de-escalators in his contract involving the 49ers making the Super Bowl or Kaepernick making the first- and second-team All-Pro teams.
It’s a huge contract and Kaepernick knows it. “The only thing I can say is I’m going to work to make sure I’m worth every penny of this,” the quarterback said after signing.
The new deal will keep Kaepernick in San Francisco through the 2020 season. Under his old contract, which was set to expire after 2014, Kaepernick would have made less than $1 million in base salary this year.
Instead, Kaepernick will make about $12.75 million in 2014, with $12 million of that coming in the form of a signing bonus. Kaepernick will also make $645,000 in base salary and another $100,000 in a workout bonus.
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