While previous reports mentioned that Kaepernick will receive $61 million guaranteed, Florio reports that only $13.073 million is guaranteed at signing.
Beyond that, part of his base salaries for seasons 2014 – 2018 will only be partially guaranteed and only for injury. Interestingly enough, Kaepernick’s full salary will convert to being fully guaranteed if he’s on the roster as of April 1 each year.
This will give the 49ers some options in the event that they would want to move on at some point over the course of this contract.
Here’s a yearly breakdown based on Florio’s information:
- 2015: $12.4 million base salary
- 2016: $13.9 million base salary
- 2017: $16.5 million base salary
- 2018: $17 million base salary with $5.2 million only guaranteed for injury until April 1, 2018
- 2019: $18.8 million non-guaranteed base salary
- 2020: $21 million non-guaranteed base salary
Starting in 2015, Kaepernick’s total payout can de-escalate by $2 million per year, which means he could end up losing $12 million over the course of the contract.
In order for him to secure the $12 million, Kaepernick will need to play 80 percent of the snaps and either take the 49ers to another Super Bowl or be named a first-team or second-team All-Pro.
Another interesting detail regarding this contract is the fact that Kaepernick will receive $2 million per year in per-game roster bonuses starting in 2015, which is actually a staggering amount. Florio writes that this essentially means that Kaepernick stands to lose $125,000 for each games he misses.
It should be mentioned that the contract will require Kaepernick to purchase a disability policy that pays the 49ers $20 million in the event he suffers a career-ending injury.
Florio’s source mentioned that San Francisco must be “thrilled” with this contract given that they have the flexibility to move on from him at any point over the course of this agreement.
Kaepernick will essentially be paid year-to-year, and for the time being will be among the highest paid quarterbacks in the league. However, it will all come down to the level of his play over the course of this deal and whether or not he’s able to continue meeting the team’s expectations set for him moving forward.