Colin Kaepernick and the San Francisco 49ers struck a deal Wednesday on a six-year contract extension, which sources told ESPN NFL Insider Adam Schefter is worth more than $110 million — including a record $61 million guaranteed.
The deal ties Kaepernick to the 49ers through the 2020 season and puts him among the 10 highest-paid quarterbacks in the NFL. He was scheduled to have made $1.073 million this season.
“Colin’s hard work and dedication have played an integral role in the recent success of the 49ers organization,” general manager Trent Baalke said in a statement. “His work ethic, leadership and on-field production have positively influenced our team, and we look forward to his continued growth in all areas.”
Since taking over the starting job from Alex Smithmidway 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 title game again last season, a three-point defeat to eventual Super Bowl champion Seattle Seahawks.
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