The full Kaepernick contract details
Posted by Mike Florio on June 5, 2014, 12:46 AM EDT
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.
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.
Read the rest:
http://profootballtalk.nbcsports.com/2014/06/05/the-full-kaepernick-contract-details/