Ian Rapoport of NFL Media reports that 49ers QB Colin Kaepernick will void his contract with the 49ers before the 2017 league year is underway. However, Rapoport says that it wouldn’t be a surprise to see him re-sign with San Francisco.
Rapoport mentions that Kaepernick is playing great for the 49ers and is starting to look like the kind of quarterback HC Chip Kelly always imagined in his offensive system. Beyond that, Rapoport says that the relationship between the 49ers and Kaepernick is now “in a very good place.”
Kaepernick is also back at full strength and weight, which has helped him be more productive on the field.
There’s still a chance that Kaepernick will test the open market as an unrestricted free agent, but it sounds like there’s more optimism that he could return to the 49ers than many anticipated.
Kaepernick, 29, was in the third year of his seven-year, $126.97 million contract that included $61 million guaranteed when reached an agreement with the 49ers on a restructured deal.
Kaepernick’s new contract will give him the ability to void his deal after this season and test the open market. He can earn $1 million in play-time incentives if he takes 34.4 percent of the team’s snaps. The 49ers got him to waive his injury guarantees for next season as part of the agreement.
According to previous reports, Kaepernick also took out a $7.5 million loss-of-value insurance policy prior to signing his renegotiated contract.
In 2016, Kaepernick has completed 55.3 percent of his passes for 1,440 yards and 10 touchdowns and three interceptions, while adding 373 yards rushing. Pro Football Focus has him rated as the No. 28 quarterback out of 35 qualifying players.