Report: Colin Kaepernick signs 6-year, $126 million contract extension

It’s been no secret that the San Francisco 49ers and Colin Kaepernick have been working on a contract extension before the season begins, and it looks like a deal may be done. According to Ian Rapoport of NFL Network, the 49ers and Kaepernick have agreed on an extension over the next six years worth $126 million dollars.

Since replacing Alex Smith, the road for Colin Kaepernick to become the franchises quarterback of the future has been seamless. Appearing in 23 games as the starting quarterback, Kaep has thrown for 5046 yards, 31 touchdowns, and 11 interceptions on a passer rating of 93.8, the ninth highest passer rating amongst quarterbacks with 15 or more starts since the 2012 season. And in that same time span, Kaepernick has been a key in leading the 49ers to two consecutive NFC championship appearances, falling short in the 2012 Super Bowl to the Baltimore Ravens.

According to salary cap site Over the Cap, Kaep’s extension puts him amongst the highest paid quarterbacks in the NFL. His $60 million guaranteed, the most ever in guaranteed money, is $6 million more than what Aaron Rodgers received on his last deal and the $126 million is on par with what Jay Cutler received on his latest extension. In regards to salary per year, Kaepernick’s $20 million throws him into the category with Rodgers, Drew Brees, Matt Ryan, and Joe Flacco as the only players to make more than $20 million annually.

With Kaepernick receiving this deal, it’s hard to imagine what Andrew Luck, Cam Newton, and Russell Wilson will receive when it’s time to work on their contract extensions.