looks like the SF FO wasnt a dumb as we thought for this Kap signing.
His $61 mill thats guaranteed is contingent on his health and his performance.
In all actuality only $13.5 is truely "guaranteed".
SF could terminate his contract at any time and walk away only owing Kap his current years pay and the $13.5 mill.
So SF found a way to give him FRANCHISE TAG salary...but not actually make him a FRANCHISE PLAYER.
To me personally that means....we like what we see on the field so far, but were not at all convinced your going to keep it up.
Matt Ryans deal was $59 mill guaranteed. If the Falcons walked away, Ryan gets that $59 unconditionally.
Drew Brees was $60 mill. If the 'Aints (screw dat) walked away, Brees would get all $60.
So It seems SF doesnt believe in the media driven QB as much as SF homer fans thought.
Colin Kaepernick’s contract not what it looks like
Colin Kaepernick’s contract extension is the latest example of this new reality for NFL players, whose “long-term” contracts are increasingly becoming “year-to-year.”
Kaepernick’s contract was initially reported as being worth “up to” $126 million with $61 million guaranteed, but a closer look at the details, obtained Friday by the Globe, reveals quite a different story.
The only true guarantee Kaepernick received was $12.973 million — a $12.328 million signing bonus and his base salary of $645,000 this season. It’s a nice chunk of change, but hardly close to the true $54 million guarantee given to Aaron Rodgers, $42 million to Matt Ryan, or $40 million to Tony Romo. In fact, Kaepernick’s true guarantee ranks him 17th among starting quarterbacks, just above Ryan Tannehill.
Kaepernick will have to earn the rest of his contract, which runs through 2020. His base salaries from 2015-18, totaling $78 million, won’t become guaranteed until he is on the 49ers’ roster on April 1 of each season. If Kaepernick’s performance falls off, they have until April 1 each year to cut him and save millions while absorbing mostly reasonable salary-cap charges.