The 49ers wanted to get an extension done with quarterback Colin Kaepernick before training camp started in July and they did that on Wednesday in record-setting fashion. Kaepernick and San Francisco have agreed to terms on a six-year, $126 million deal that will include $61 million in guaranteed money, CBS Sports NFL Insider Jason La Canfora has confirmed.
The $61 million in guaranteed money is the most ever given to an NFL player in one contract. The money isn't technically fully-guaranteed because Kaepernick has to be on the roster at a certain date each season. However, since it's unlikely the 49ers ever cut him, he should see all of the $61 million.
The new deal will keep Kaepernick in San Francisco through the 2020 season. Under his old contract, which was set to expire after 2014, Kaepernick would have made less than $1 million next season.
Kaepernick is looking like a strong value in the middle rounds now that his contract negotiation is out of the way. In his last 18 games with Michael Crabtree in the lineup, Kaepernick has averaged 20.9 FP, which equate to #3 QB numbers. In 11 games without Crabtree, he averaged 16.1 FP. He averages 2.5 more pass attempts (i.e. the 49ers throw the ball more) and his YPA jumps from 7.4 to 8.4 with his top receiver in the lineup.