49ers Reportedly Sign QB Colin Kaepernick To Six-Year Extension Worth Up To $126 Million

On Wednesday, the San Francisco 49ers signed quarterback Colin Kaepernick to a six-year contract extension that can be worth up to $126 million. While the exact breakdown of the deal is still a little bit fuzzy, it appears as though Kaepernick will receive roughly $61 million guaranteed as part of that deal.

Being as Kaepernick as set to earn a base salary of $973,766 in 2014 and a $100,000 workout bonus, you can see that his extension is full of new money.

While Kaepernick certainly has played well in his first three years in the league, he’s yet to win a Super Bowl and has a career completion percentage of 59.8. He’s also only thrown for more than 2,000 yards in a season just once and that was last year.

It’s dangerous to do without knowing the full breakdown of the contract, but Kaepernick’s new money over the additional years works out to an average of $21 million a year. However, being as his old money was likely rolled into that contract, in reality his yearly average is $18 million, as it’s really a seven-year deal. I bet that the media will frame this as $21 million per season, however.

So what will Kaepernick’s new deal mean for Pittsburgh Steelers quarterback Ben Roethlisberger, who currently has two years remaining on his current contract?

I really don’t think that it changes a thing with Roethlisberger as Kaepernick is only really getting an average of $18 million per season. Roethlisberger will more than likely be looking for around $22-23 million per season in new money over old money. He currently is set to earn $23.7 million over the next two seasons. With Roethlisberger it likely will be more about the guaranteed money.

It will be interesting nonetheless to see how the media runs with this. If former sports agent and current salary cap expert Joel Corry views Kaepernick’s deal as $18 million per year, so should everyone else.

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • Matt Manzo

    I think that’s too much money for him. Sure it’s on par with everyone else but I’m not convinced he’s gonna be elite for too much longer.
    I still think he started too early in his career.

  • Madi

    Wow. That’s a lot of money to give to the wrong guy. I know he’s got youth, but if they allow Alex Smith back on the field after returning from that concussion in 2012, then I think the 49ers win two Super Bowls, back to back. Kaepernick has a long way to go before he is worth that kind of money.

    Smith beats Baltimore, and Smith wins the Seattle NFCCG (and then trounces Denver like Seattle did). Just my opinion.

  • Paddy

    Just happy we have Ben, can’t imagine what this team would be like.

  • Aric Brown

    You would have a hard time convincing me he was ever elite… he threw together a nice run that first year, but once teams had substantial film on him the party was over

  • Aric Brown

    Im praying for a tom brady like deal… much less money but fully guaranteed

  • Michael Pearce

    All these new QB contracts ups the ante on Ben. God only knows what the contracts will be up to next offseason. If Pittsburgh is serious about keeping Ben beyond 15 they must know something we dont know.

  • Nolrog

    That’s a big number for Copernicus. I don’t think he’s worth that much, but I’m really happy they broke the bank for him. That means they won’t be able to keep that team together for long.

  • James Kling

    The Kap deal is even worse than the Fucco deal. Get the plunger, the toilet’s jammed with greenbacks.

    I’d love to see us convert Ben’s ’14 and ’15 ~$19M cap hits to an EOL contract, say 6 years @ $20M+. Still clear some cap room, and keep Ben a Steeler for life. Don’t look now, but Ben’s having some of his best career years as he gets into his 30s. Just need the rest of the team to catch up.

  • Steve

    Ben is 32 right now, don’t see him lasting 6 more years. Lets run out the current contract and go year to year.

  • Matt Manzo

    That’s what I mean. I don’t think he’s elite but I think the media does, and SF appears to think so too. I do think he could be elite, if he had time to learn the game before being thrown in just because of his physical talents.

  • Michael Pearce

    Year to Year? Ben, nor his agent would be that ridiculously stupid to even imagine something like that. The good news is we will know after next offseason if Ben will be coming back.

  • BigSnack

    nope.

  • Aric Brown

    I hear ya.. it def doesnt help when your treated as the 2nd coming of Joe Montana when your closer to the 2nd coming of Jeff Garcia

  • Matt Manzo

    I wanted him that year, not in the 2nd though. I thought if he backed up Ben for 4-5 years he’d be ready. But I don’t think he would’ve wanted to wait that long.

  • shawn

    That would be the smartest thing they could do …. FULLY GUARANtEED at a much lower amount …. 16-17 mil Fully Guaranteed … id do it & if they were smart they would too !

  • shawn

    U kidding … they are absolutely LOADED …and a ton of young talent … they will be good for several years … no worries with the cap whatsoever !

  • shawn

    not even close …..!

  • shawn

    Bad move … lock him up through ’18 is the smart thing to do !

  • steelster

    really Vernon davis is holding out for a big contract. They will struggle to add any good free agents now unless they want to mortgage the future.

  • shawn

    FA … have u seen their young talent … quite a bit !

  • Steve

    If Ben is hurt in the next year are two then we are in another Woodley situation.

  • shawn

    and what do u think the odds are on that … id take my chances …. he’s one of the toughest QBs in the league … and if it hasnt happened to the likes of ( Brees, Mannings, Rivers, Brady, Rogers, etc etc etc … what makes u think it would happen to Ben …

    People really need a lesson in odds and real world statistics and probability ….. because too many people put 100% into things that have minimal chances of happening !

  • Steve

    Ben may be one of the toughest in the league, but the odds are high this year that he will miss a couple of games due to injury. Ben has been hurt in the past and you will eat you words when he gets hurt this year, Mr odds maker.

  • shawn

    What does missing a couple games have to do with giving him a contract extension …. ?? Thats what a decent backup is for …. if he misses just a couple games a year due to injury over the course of his extension then we will be doing just fine …

    2005 & 2010 were both Super Bowl years in which he played in just 12 games each … !!