Well, it looks like my estimates of $18-20 mill for Kappy were right on. Our QB for the future is getting a 6 year, $126 millon extension from the 49ers. With a whopping $61 mill guaranteed.
UPDATE: The details are the guaranteed money is paid out on a rolling basis and has some pretty hard incentives to meet. 80% of the offensive plays, 1st team pro bowler, super bowl victory and such. And the guaranteed money is only in case of injury. Plus, Kappy needs to take out his own $20 mill insurance policy.
This puts to rest the thought of waiting out his final season and franchising him. Which I thought would have been a fool’s errand, but the bed is made, and the team is his for the foreseeable future. Or 2020. Whichever comes first. Waiting on this season to pass would have sealed his departure as someone else would have backed the truck or just gieven him a blank check to fill in the zeros.
Whether he can buck the trend of these mega deals never living up to their lofty asprations remains to be seen, but as we know now, Kappy is a hard working guy who at least appears to be driven to reach his and the team’s goals. We can talk about how the offense will progress at a later time, but for now, Kappy is among the highest paid players in the NFL.
Forty Niners Forever 
Some more Kap contract details via PFT:
http://profootballtalk.nbcsports.com/category/rumor-mill/
At a time when the top QB’s are actually receiving $20 mil +- in cash per year this is what Kap will be getting:
2014 $13 mil
If still on the team in each of the following years:
2015 max $14.8 mil but min $10.4 mil
2016 max $16.3 mil but min $11.9 mil
2017 max $18.9 mil but min $$14.5 mil
2017 is the last year of the guaranteed portion of his contract, even for injury, although there is some small money due in 2018
This is Alex Smith money.
Again, this is early in the details game but damn!!!
If these numbers are right, two things come to mind: First off, two years ago people were reporting that Kaep was the kind of guy who wanted to go after Super Bowls instead of big pay days. This may not be a mistake by Kaep’s agent but more of a Kaep directive. He was adamant after the season was over that we had enough money to sign guys like Whitner. And really…. 13 million a year is plenty. Like Harbaugh said, “It’s more than enough….” If Kaep went this way intentionally, and 12th is right about these numbers, instead of us belittling Kaep’s agents, we should be praising Kaep for signing this deal. He knew what he was doing …… again, if the numbers 12th is reporting are correct.
But the other thing that comes to mind is that the Florida incident may have influenced Kaep’s decision to sign. You never know. Florida sounds innocuous enough, but ya just never know…
My personal feeling is I’d much rather be paid less but beloved by a city for winning multiple Super Bowls. Think guys like Roger Craig, Ronnie Lott, Montana and Jerry Rice lose sleep at night over contracts not signed? Hell no. They lose sleep at night over Roger Craig’s fumble….. the bastard. Point is…. I’d rather take less, be loved by my community, win multiple Super Bowls, and retire in a community that loves me for giving them multiple Super Bowls. Maybe Kaep, growing up in Turlock, knows what this is all about… but obviously on a much bigger scale in the Bay Area.
Just to clarify before we pin the tail on the Donkey, 12th is reporting the reported numbers, and offering an opinion based on those reported numbers and repeatedly cautioning that it is early to be sure these numbers are real. They are not my numbers, they are the reported numbers.
Kap’s agents have no history of signing mega contracts and if these numbers are true they will not do so again.
I don’t buy that Kap is the “Mother Theresa” of football for a second. If the contract is accurate he and his agents got schooled.
Well, there’s setting one up with incentives, and just taking hit after hit if you don’t reach near-perfection. If it helps the team, all is good, though. This may mean we can keep Crabs, but we’ll see what he gets.
VD? Wait til next year.
Thing is, it matters now, but once camp opens and shit gets real, it won’t really matter what the details are. We kick ass, every=thing gets taken care of.
And I think Harbaugh understands that the offense has to be opened up for the team to succeed in the future. And the future is NOW.
Niners had to get Kap under wraps. They did. I’m not going to fuss about the contract details, but it looks like Kap will be well compensated, with plenty of guaranteed dough so he won’t be afraid to put his butt on the line when playing. Niners apparently got some protection from contract disaster if Kap turns into the Barry Zito of quarterbacks. Everybody wins…
Snarkk is happy!
Kap is gonna make a lot of money outside of football. I truly think he is gonna be somewhat of a media star. hopefully, none of that will detract from his game.
Sounds like a good contract to me. Nothing wrong with a contract that keeps the team in business if the star QB fails or gets sidelined with serious injury and allows him to get rich if he plays like everyone hopes he can.
Niners structured to give CK7 the numbers for him and his agent to feel good without mortgaging the team’s future on a guy who probably should have shown more before landing such a deal.
I like it, smart finances, and I think other teams will use the model.
I don’t know if the recent brouhaha forced Kaepernick’s hand but I’ll bet it made him realize how things can go to shit overnight for a big money pro football player.
Kudos to Kaep, and the Niners contract boys.
Fantastic team contract if it’s as reported. Shitty Kap contract but he signed. Like Chuck says, if all goes well for him he will be happy.
Don’t see experienced agents agreeing to this model as an example to follow although im sure teams will try.
I’m sure Miami played into both sides of the negotiating table, NoFear.
For all the shit I used to give the boys upstairs, they seem to be very good at dealing with players, contracts, and not overcommitting to anyone.
Just waiting for Gore to restructure, but it ain’t a big concern. This is his last hurrah. Might as well send him out on a high note. With a Super Bowl trophy at the end of it all.
12th – You’re not on the hook for anything. Your reputation is impeccable. I do, however, buy that Kaep, if these numbers are correct, was generous. Players know. And furthermore, contracts aren’t as difficult to figure out as the media wants to make them out to be. The “Kaep got fleeced,” angle isn’t gonna work.
That being said, he gets dinged pretty good for not making fairly hard incentives.
Not that he’s crying pauper, but I’m real curious to see how RW’s contract goes. I don’t think he gets near this many incentive clauses. Talk is perception around the league, and some ARE saying this is a totally ridiculous deal that favors the team inordinately heavily.
Think about this….. The day the deal is signed Kaep is spinning. What does that tell you? The day the deal is sign, in his press conference, Kaep comes out and says, “I wanted a deal that allows the team to re-sign guys like Crabtree.” What does that tell you? HE’S DOING THAT ON THE DAY OF THE SIGNING. Kaep knows what he signed. It doesn’t take a rocket scientist to look at comparables. Not in any job – real estate, the car industry, salaries for CEOs. Comparables (Cutler and Romo deals) are easy to figure out, and Kaep isn’t stupid. If the deal is what the deal is, we should be celebrating Kaep all that much more, not trying to crucify his agent. Like Jim Harbaugh said, “I get paid more than enough…..more than enough” 13 million? At 23? And Kaep could honestly play for 15 years. Think about that…..
I think Kaep said, if the deal 12th is reporting is correct ( lol ), ” I’m 23. I’m on a team of veterans who came long before me and built this while I was in college, and some… when I was in high school. If I leverage my way into a 18 million per year deal, we won’t be able to re-sign guys like Vernon and Boone… again, guys who came before me. And where would I be if those guys weren’t here before me?” In addition, I’m at the beginning of my earning window…. not at the end.”
If the deal 12th is reporting is true (and 12th is reporting this with his credentials on the line) than we should be rejoicing Colin Kaepernick, not hating on his agent.
And thought I heard that Colin Kaepernick and Jim Harbaugh both have the same agent. Can anyone confirm that?
Thanks Spit, your reputation is…Oh well never mind.
I resent that. My reputation is above reproach!
Your reputation is
Year to year high dollar contracts are not new. Peyton Manning, Darrell Revis etc. The difference here is twofold. Firstly, an average of $13 mil a year which is the mid point +- between max and min per year on his contract, is low by any measure for this kid and likely $3 mil per year low. Secondly, those other high dollar year to year contracts were drawn up on players near the end of their careers where both sides understand the risk so they trade a high annual amount for insecurity.
This Kap contract is neither high dollar, comparatively speaking, nor does it contain much security and this is for a young player in the early stages of what has already been a phenomenal first year and a half. Very unusual.
However, it’s a done deal and on the surface at least it’s great for the team which is the most important thing as far as I’m concerned.
60 plus million guaranteed against injury isn’t much security? Horse cookies. That’s a ton of security. Kaep’s basically saying he can play, he knows it, and he’s not worried about wins, stats or escalators. But I agree…. the deal’s done and it’s a good one for Kaep. My take? Kaep’s one of the first few NFL qbs to get it right – being loved by your town is the formula for a lifetime of happiness.
I meant to write….. “Deal is done and it’s a good one for the 49ers….”
The more I read about this, the more my man crush on Colin Kaepernick grows. He gives me wood.
It’s $41 mil for injury not $61 mil, which is great if injury is how you go out. What about a down year? What about a disasterous year? Throwing a ton of interceptions? A four game win season based on terrible QB play? Being gun shy after taking some major hits whilst scampering around the field. Initially that loses him $2 mil for the year. If it continued it costs him his job and contract and he gets $13 mil.
How about he finds God in a bigger way and calls it quits to go preach in Venezuela? He gets $13 mil. How about he gets an illness? Is that in the injury settlement? How about a mental breakdown or manic depression? Or a dozen other scenarios that make is plain stupid to not do a contract that pays him, up front, to his actual value.
Not one single player on that team would have complained about a $16 mil contract solid for 3 years. That would have been a team friendly deal taking considerably less than Romo, Cutler etc. The deal his agents negotiated is weak for their client, no two ways about it.
Feel free to not agree.
“Feel free not to disagree?” I still can’t figure that one out. Listen, Little Boy Blue… you and Henny Penny can tell us all the sky is falling and that Kaep’s not going to make it in the NFL, but if you were a betting man, what would you bet? I’d go all in on Kaep. And Kaep just went all in on Kaep, which …. gives me wood.
I’m his biggest fan, absolutely love the kid, was first to shout about him following his Bears debut and got shouted down for it. His contract makes very little sense, like you most of the time.
I wrote “feel free not to agree” but reading comprehension isn’t your strong suit so no biggie.
The point is, life happens and he controls not very much of it so the prudent thing to do is CYA. In any event I hope it all works out for him and the team.
The bigger intrigue for me now is can Alex Smith do better? The plot thickens.
No, no, no…. don’t try to take my game. Picking on Chuck’s reading comprehension skills is my game. I was trying to be funny.
You should have written…. “His contract makes very little sense [to you]. I make sense all the time. Too much damn sense if you [ask me].
Here… maybe this will help explain things to you. You might have to read it twice because your reading comp skills are so poor. But you’ve got time. This isn’t a test.
http://blog.sfgate.com/49ers/2014/06/05/49ers-won-the-contract-but-did-kaepernick-offer-much-resistance/
http://www.csnbayarea.com/49ers/tip-cap-kap-49ers-qb-strikes-team-friendly-deal
While your getting giddy about how clever you are maybe you can tell me how the $2 mil per year de-escalators factor in to Kap making cap room available for his buddies? It has no effect on the cap in terms of negotiating deals with other players since nobody knows beforehand if that money will be earned or not, it just’s hurts him personally and the conditions for him to keep his $2 mil are set at an unbelievable threshold.
His agents suck.
I can’t tell you. I don’t think you understand it though either.
My theory is Kap gave instructions to do a team friendly deal and his inexperienced agents who have never done a large contract got gang raped.
Or we can go with your theory of Kap the philanthropist who just for shits and giggles decided to set himself the additional challenge of beating the $2 mil a year impossible de-escalators. By the way, who was the last QB to make All-Pro 7 years in a row?
Kaep knew exactly what he was doing. His agents did too. Kaep gives me wood.
Kaep’s agent is smart. And finally…. a guy gets it. Look at Cutler and RGIII last year. They got their asses handed to them because their O lines sucked. So Kaep takes 3- 5 million less per year but can then play for 3 or 4 more years because his body isn’t destroyed like RGIII’s or Cutler’s. That’s brilliant. It’s not, as 12th would say, a mistake. The money Kaep leaves on the table goes to Boone and Crabtree. And you want hate on Kaep’s agent, 12th? This deal opens up so many opportunities for Kaep outside the lines. Rings, endorsements, records because he’s got more guys around him. What did Jim Harbaugh say? “I make plenty of money…..” I bet Harbaugh had a lot of influence over Kaep’s thinking.
What would you rather have? A ring or boat load of money. Jim Harbaugh would rather have a ring…. and that’s why Kaep just signed this deal. And in all honestly, provided we do go on to win multiple Super Bowls with Kaep, losing the Super Bowl in 2012 might have been the best thing to ever happen to the 49er organization. If Kaep already had a ring, and his players, his teammates had one too, they’re all making a money grab like the Seattle players a few months ago. With a ring, I doubt Kaep signs this deal for his teammates. With a ring, Kaep makes 20 million and say hello to Green Bay, playoff mediocrity.
Your funny. Offer me a rational explanation for why Kap’s smart agents accepted a hereto unheard of $2,000,000 per year de-escalator clause in his brilliant contract and I’ll join you in happy happy land marveling at rainbows and riding Unicorns together.
Moving on.
“Your funny” what? Your funny donkey? Oh… I see…. “You’re” funny. Are you trying to screw with my reading comprehension skills? I blog with Chuck. Don’t do those things to me.
I don’t….. I hesitate… this isn’t wise…… okay…… I’ll let Cohn speak for me regarding the 2 million per year de-escalator. But it’s against my better judgement. But I agree with Cohn. There, I said it….
http://www.pressdemocrat.com/article/20140605/sports/140609773#page=1
In other news, Vernon Davis: LMAO. Talk about bad timing to be holding out for more. It’s one thing to be Alex Boone, sworn protector of the franchise (Colin Kaepernick) making very little money and rightfully asking for his fair share. It’s something else entirely in the shadow of this…. how’d 12th put it?…. “Kap the philanthropist” deal to be Vernon Davis, holding out for more money while being the 3rd highest paid TE in the league, offering personal player stock (and being the first player to do it) and doing commercials in front of his Jamba Juice. Vernon Davis now looks like an asshole. And I was just starting to like the guy…. finally. You fooled me, Vernon. Kick rocks. Go Old McDonald…. On a side note, I hope at games when Vance catches a pass the crowd goes “E I E I O.” I think it’ll catch on. Like Kuhn in Green Bay? No?
I would let Vernon Davis rot at his Jamba Juice drinking wheat grass while working on his portfolio. F that doucheknuckle.
E I E I O would be great marketing with Levi’s….. although I’m sure Old McDonald wore Osh Gosh Bgosh…. or farmed naked.
Well I did say moving on but this is priceless.
When you said you agree with Cohn I at least expected Lowell, but Grant?
I read his insightful in-depth and truly well thought out article but for some unknown reason I don’t see where having a $2 mil penalty for not being damn near perfect 7 years in a row was good for Kap in his piece?
It says Kap can earn as much as $39 mil over the next 3 years, that’s $13 mil a year to you or I, and as little as $11 mil a year. $13 mil is a heck of a gift for Kap to bestow upon his fellow players, throw in the fact that that’s not even guaranteed and it verges on holy and then the icing on the cake is he may not even earn this stratospheric figure because of his de-escalator of $2 mil per year
Reading comprehension is still your failing since I clearly asked for a rational explanation and you offer this tripe from Grant Cohn.
Barrel meet bottom.
I know…. I know…. I was reluctant. It hurt me personally if that makes you feel any better to quote Grant Cohn.
This is like Sadomasochism because I now have to quote him again….. but read this, 12th… and everyone else with their popcorn. This is what my new found boy, Cohn, says……. mercy.
“Until Kaepernick makes another Super Bowl appearance or a first-team or second-team All-Pro selection, the 49ers will penalize him $2 million annually. When he meets one of those two requirements, the 49ers will stop penalizing him.”
What not to love about this? It’s like Cohn says…. Kaep is betting on himself. And I totally agree with it. Look up above. I even used a Texas Hold ‘Em analogy myself before reading Cohn’s piece. Kaep’s betting on himself. It’s freakin’ awesome, 12th.
Only you could claim Kaep’s agent was an idiot.
Spit its over, you ran out of ammo a while ago. You have no rationale except you like it. Betting on yourself is one thing but betting against yourself with massive de-escalators and having you paid professional allowing it is moronic. End of story.
Run out of ammo? I’ve been on the same side of this argument the entire time saying Kaep’s agent and Kaep were very smart to do this deal. You, however, tried to creep on over to my side of the argument (and I wouldn’t let you…. for your own self respect). Your post at 3:44…. “My theory is Kaep instructed his agent to do a friendly deal….then his inexperienced agents….. ” Nice attempt at a straddle. Get back on your side of the fence, lambasting Kaep’s agents.
Who needs ammo when you’re on the right side of the argument? You, however, again find yourself on the wrong side of the argument going up against the mighty Spitblood. There ain’t much future going up against the likes of me while on the wrong side of the argument. Just FYI. It don’t take much ammo to defend the high ground.
Delusional much? You have no argument and need to look up the difference between argument and argumentative, you are the latter if you weren’t sure BTW.
Are we in love? Call me….
It’s a love hate relationship.
The draft maybe 4 days long next year…Ugg
Hey, you can feel free to not disagree as well. It is a fairly unprecedented deal, that’s for sure. Kappy is betting on himself, yes. But the Niners are sure hedging their bet as to how good he will be in the future. They can prety much cut him loose and not be on the hook for very much. Just like the Alex Smith deal.
I’ll bet you RW’s deal looks nothing like this. Unless Kappy is a trend-setter in self-immolating contracts.
I do feel free to not disagree. I just don’t know where that leaves me.
I read that Kaep signed the first deal put in front of him. I don’t know if that’s true, but if it is, it’s an obvious indicator of a below fair market deal with no negotiation being done. Obviously, also, intentionally.
If you compare Kaep without a ring and just now signing a below fair market deal, to Wilson, I think it’s fair to say Wilson’s deal will look a lot different because he’s got a ring. I put Kaep’s fair market at 18, and Wilson’s at 15. But Kaep just signed for 13? Wilson will still get his 15.
That said…. I bet you Seattle fans eventually start calling for Russell Wilson to sign a deal similar to Kaep’s.
~ Kaep gives me wood ~
RG3wins, Andrew Luck, Cam Newton are all up shortly for new contracts. That doofus red headed step child Andy Dalton is too. I will say right now with some certainty they will all get more actual money and tenure guaranteed except maybe Dalton. A young dynamic QB signing a year to year contract is foolhardy.
Spit began the day telling me Wilson will get parity or less than Kap and now thinks he will get more than Kap based on his slowing understanding the terms of Kap’s contract. No shit Sherlock.
My guess figure per year was maybe one of the lowest here with I think NF being less and it turned out to be way high. Thoughts of $20 mil are nearly double the min per year for Kap.
My hope is things work out because I want Kap and more importantly the Niners to get that 6th Lombardi this year and I really believe he is good enough. I hope the coaching improves in play calling just enough because as others have said, this O will probably need to score more points per game to win.
Vernon Davis is quickly becoming the world’s biggest idiot. His PR guys are the ones who are really f ‘n up. 12th thinks Kaep’s agents are fools. I think Vernon Davis’ agent and his PR team are complete morons. In light of what Kaep just did, Vernon is politicking for more money right now? In the history of SF holdouts, and jockeying for more money, this could go down as the dumbest, most ill-advised campaign for more money.
Fuck Vernon Davis.
http://espn.go.com/nfl/story/_/id/11036990/jimmy-graham-new-orleans-saints-deserves-wr-pay-vernon-davis-san-francisco-49ers-says
I would put the Crabtree holdout as equally absurd. His “pay me like I was drafted earlier because I deserved to be” ploy sank like a lead balloon. VD is equally in no position to bargain. I presume it’s all noise for his shareholders to believe he is trying to do his best for them.
Vernon Davis is an idiot.
Yup, not smart and that selling stock BS can blow up in his face if he pisses off the FO and they make him play out the full contract without another contract or extension and commensurate signing bonus. He would have been better off not taking the upfront stock money. It’s a gamble but he is an aging TE. Making public pronouncements that he wants to play till his toes drop off is for idiot shareholders.
I would pay Boone and maybe Dorsey. Iupati, VD and Crabs I would not right now.
VD says he wanted a contract extension last year, WTF?
http://blogs.mercurynews.com/49ers/2014/06/05/davis-just-waiting-on-49ers-for-contract-extension-hes-wanted-since-2013-season/#more-15611
Contracts are such a bore when it’s someone else’s money.