49ers | Colin Kaepernick's deal is year to year
Thu, 05 Jun 2014 06:06:06 -0700
Updating previous reports, San Francisco 49ers QB Colin Kaepernick's new contract is a year-to-year deal that guarantees only $13.073 million. For 2014 to 2017 and part of 2018, the base salaries are guaranteed only for injury. April 1 of each year, the guarantees convert from injury only to fully guaranteed. His base salaries from 2015 to 2018 are $12.4 million, $13.9 million, $16.5 million and $17 million, respectively, which are guaranteed for injury only until April 1. In 2018, $5.2 million is guaranteed for injury until April 1.
The total payout potentially de-escalates by $2 million per year, with up to $12 million potentially going away. Kaepernick can halt the de-escalation by taking, in any year of the deal, 80 percent of the snaps and if: the 49ers appear in the Super Bowl or Kaepernick is named a first-team or second-team All-Pro. If he satisfies the requirement in 2014, the full $12 million remains. Starting in 2015, $400,000 per year is tied to workout bonuses, which adds up to $2.4 million of the base value. The contract also requires Kaepernick to purchase, with after-tax dollars money, a disability policy that pays the 49ers $20 million if he suffers a career-ending injury.
Source: ProFootballTalk.com - Mike Florio