http://profootballtalk.nbcsports.com...tract-details/
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 there’s plenty of fluff.
Technically, the deal has $61 million guaranteed. But 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.