It is official; Colin Kaepernick has a new contract with the San Francisco 49ers.
He signed a restructured deal that removed the last four years from his contract, but gives him the option for an extension through 2017, according to ESPN’s Adam Schefter and Adam Caplan’s sources.
“Forty-niners and Colin Kaepernick agreed to a restructured deal, wiping out the last four years on the contract and turning it into a one-year deal with a player option to extend the deal for next year,” Schefter said. “Should he want, Kaepernick can void the deal after this season, before the new league year begins in March, allowing him to become an unrestricted free agent if he so chooses. The 49ers will not be allowed to use their franchise tag on him.”
Compensation is the same; he will make $14.5 million if he opts to remain with the 49ers. If Kaepernick gets hurt this season and can’t pass his physical in the spring, he would be owed his full salary. Niners head coach Chip Kelly denied that was the reason he waited until this week to declare Kaepernick his starting quarterback.
Kaepernick missed time during the preseason while recovering from thumb, shoulder and knee surgeries.