Colin Kaepernick and the San Francisco 49ers have agreed to a six-year contract extension worth upwards of $110 million, according to widespread reports. The news was first broken by ESPN's Adam Schefter, who tweeted out a few details on the contract:
Colin Kaepernick and 49ers reached agreement on 6-year extension worth over $100 million tying him to team through 2020, per sources.— Adam Schefter (@AdamSchefter) June 4, 2014
Colin Kaeprnick's 6-year deal is worth $110+ million, per sources. Heavy guarantees, too. Record guarantees.— Adam Schefter (@AdamSchefter) June 4, 2014
The deal, which now runs through 2020, reportedly guarantees Kaepernick over $61 million - a record for guaranteed money in an NFL contract.
Colin Kaepernick's 6yr deal is worth $21M a year and has a guarantee of $61M, highest ever. As I said all along, he wouldn't take under $20M— Jason La Canfora (@JasonLaCanfora) June 4, 2014
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