See the post right below yours.

osted by Mike Florio on June 5, 2014, 12:46 AM EDT
Kaepernick
AP
In response to our item suggesting that the Colin Kaepernick deal, trumpeted as being worth “up to” $126 million with $61 million guaranteed contains plenty of fluff, a league source with knowledge of the deal sent the details to PFT, and multiple other sources have chimed in on the contents of the contract.

As expected, there’s plenty of fluff.

Technically, the deal has $61 million guaranteed, even though $6 million of the guaranteed salary could evaporate (more on that later). Either way, only $13.073 million is guaranteed at signing. It comes in the form of a $12.328 million signing bonus, a base salary of $645,000, and a workout bonus of $100,000.

For 2014, 2015, 2016, 2017, and part of 2018, the base salaries are guaranteed only for injury. On April 1 of each year, the guarantees convert from injury only to fully guaranteed. That gives the 49ers the ability to decide, in any given year, to move on from Kaepernick. And with the deadline for the conversion of the guarantee coming on April 1, the 49ers can squat on his rights until several weeks after the start of free agency, making it harder for him to get paid elsewhere.

The base salary for 2015 is $12.4 million, guaranteed for injury only until April 1, 2015.

For 2016, the base salary is $13.9 million, guaranteed for injury only until April 1, 2016.

For 2017, the base salary is $16.5 million, guaranteed for injury only until April 1, 2017.

For 2018, the base salary is $17 million, $5.2 million of which is guaranteed for injury only until April 1, 2018.

The non-guaranteed base salary for 2019 is $18.8 million, and the non-guaranteed base salary for 2020 is $21 million.

In each year from 2015 through 2020, however, there’s a catch. A big one. 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: (1) the 49ers appear in the Super Bowl; or (2) Kaepernick is named a first-team or second-team All-Pro. If he satisfies the requirement in 2014, the full $12 million remains. If he fails in 2014 but succeeds in 2015, $10 million stays. If he does it for the first time in 2016, $8 million remains. If he does it for the first time in 2017, $6 million stays — and so on until 2019, when if he satisfies the requirement that year for the first time $2 million stays in the deal for 2010.

It’s a convoluted way to pump up the base value of the deal artificially, allowing Kaepernick and his agents to claim that the deal is better than it will be, unless he satisfies the requirements to stop the de-escalator this year.

The contract also includes, starting in 2015, a whopping $2 million per year in per-game roster bonuses, an amount that one source characterized as “massive” in comparison to similar deals. It means that, for every game Kaepernick misses due to injury after the 2014 season, he loses $125,000.

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, a disability policy that pays the 49ers $20 million if he suffers a career-ending injury.

As one source put it, Kaepernick can feel good about the deal because he has a lot more guaranteed money today than he had yesterday. But the same source also added that the 49ers are nevertheless “thrilled” with the contract, which allows them to control Kaepernick’s rights for seven years and to move on after any of the next six seasons, if they ultimately decide that Kaepernick is more like the guy who struggled at times during the 2013 regular season and less like the guy who found the gas pedal in the playoffs.

If they keep him, the average payout will be low in comparison to other franchise quarterbacks, and the difference will become glaring as other franchise quarterbacks get new deals under a salary cap that is expected to continue to spike.

http://profootballtalk.nbcsports.com...tract-details/

1. LMAO

2. Daniel is not getting cut. Either Bray will get cut or Bray will be 3rd and Murray will go to the practice squad.

I'm sorry, tears of joy are obscuring my vision. Can you repeat?

When Alex Smith gets his contract extension. This place will explode! It will be hilarious! LMAO

He got more guaranteed money than kaepernick according to nfl network

According to NFL Network, it's a Kaepernick type deal that allows for an easy exit after 2 years.

If Andy Reid is here, alex Smith will be. People unable to accept that, are living in a fantasy.

Alex didn't have a loaded roster like Dalton in his first 3 seasons.

That'll buy a LOT of sunscreen.

Pretty much what I expected. Nobody is giving THAT much money to Dalton without having an escape plan.

I guarantee that KC resigns Smith. If I'm wrong, I will not post on CP for 1 hour. They will structure a deal for Smith that has a cap hit of around 15-17 per year with a way to easily dump him after 2 years.

ROFL It's funny because he's a ginger. ROFL

I bet you're right.

Does anyone really think KC doesn't resign Alex? I know many are dumb an will meltdown (like jd), but it's obvious.