The San Francisco 49ers and quarterback Colin Kaepernick have agreed to a historic contract extension.
The new six-year deal, which will keep the 26-year-old with the team through the 2020 season, was first reported by BayAreaSportsGuy.com. The agreement could be worth up to $126 million, per NFL Media Insider Ian Rapoport. The contract extension also includes $61 million guaranteed, which sets a new record in league history, according to Rapoport.
General Manager Trent Baalke explained the thought process behind the lucrative deal, via a press release.
“Colin’s hard work and dedication have played an integral role in the recent success of the 49ers organization. His work ethic, leadership and on-field production have positively influenced our team, and we look forward to his continued growth in all areas.”
“Our organization always looks to reward our players for their contributions and commitment to the team.”
While speaking at the team’s Santa Clara training facility, which rests in the shadows of Levi’s Stadium, Kaepernick explained that he wants to ensure that it’s money well spent.
“I’m going to work to make sure I’m worth every penny of this. I’m going to try and win as many games as possible and help this team win as many games as possible. I think that’s something I feel like I can do.”
Kaepernick also expanded on what he hopes to accomplish over the course of his contract.
“Trying to win as many Super Bowls as I can. I think that’s your goal as a player is to try to win the Super Bowl every year that you’re playing. Granted, that’s not necessarily realistic to win it every single year. But, that’s what your goal is.”
As John Lund of 95.7 The Game points out, it’s really the $61 million figure that is the most important number.
Kaepernick deal has record guaranteed money of $60M, Brady got 57, Romo 55, Brees 55, Flacco 51, overall number of $126M doesn’t matter
— John Lund (@JohnLundRadio) June 4, 2014
The deal also arrives at a time when the 49ers are embroiled in contract disputes with tight end Vernon Davis and guard Alex Boone, who are both key contributors.