SANTA CLARA, Calif. (AP) — San Francisco 49ers quarterback Colin Kaepernick has received a new six-year contract extension through the 2020 season.
The deal is reported to be worth more than $110 million, according to ESPN’s Adam Schefter.
There’s also a guarantee of $61 million, according to CBSSports.com’s Jason La Canfora.
Colin Kaepernick's 6yr deal is worth $21M a year and has a guarantee of $61M, highest ever. As I said all along, he wouldn't take under $20M—
Jason La Canfora (@JasonLaCanfora) June 04, 2014
The team announced the deal Wednesday. The sides had made it a top priority to get a deal done before the start of training camp for one of the NFL’s best young quarterbacks.
Since taking over the starting job from Alex Smith midway through the 2011 season, Kaepernick led the 49ers to their first Super Bowl in 18 years after the 2012 season – losing by three points to Baltimore – and then to the NFC championship game last season, a three-point defeat to the rival and eventual Super Bowl champion Seattle Seahawks.
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