A few reports said that the settlement was expected to be in the range of $60 million to $80 million. However, this doesn’t appear to be the case.
Mike Florio of Pro Football Talk explained that a number of factors pointed to Kaepernick’s settlement being far less than the $60M – $80M figures including the fact that he can continue to seek employment with the NFL and if teams deny doing so, he could start a new collusion grievance.
Beyond that, a source with knowledge of the internal procedures told Florio that payments by the NFL to Kaepernick and Reid did not require the approval of team owners.
The settlement figures are expected to be reflected in the Packers’ annual report.
Kaepernick, 31, is a former second-round pick of the 49ers back in 2010. He 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 that allowed him to become an unrestricted free agent in 2016.
The Seahawks showed interest in bringing Kaepernick in for a visit last offseason before canceling the meeting altogether.
In 2016, Kaepernick completed 59.2 percent of his passes for 2,241 yards and 16 touchdowns and four interceptions, while adding 468 yards rushing. Pro Football Focus had him rated as the No. 27 quarterback out of 36 qualifying players that year.