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. However, since it’s unlikely the 49ers ever cut him, he should see all of the $61 million.
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.
In one and a half seasons as the 49ers starting quarterback, Kaepernick has put together a 17-6 record and helped lead San Francisco to two straight NFC title games and a Super Bowl XLVII appearance.
With Kaepernick headed into the final year of his rookie deal, 49ers general manager Trent Baalke had said in March that he’d like to have an extension done with his quarterback by the time training camp starts in July.
That deal’s now done.
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SOURCE: CBS Sports