Colin Kaepernick and the 49ers officially agreed to a restructured contract Wednesday that lessens the financial risk for the team and allows the quarterback to leave the franchise after the season if he wants, a team spokesman confirmed.
Kaepernick, who was signed through 2020, now has a one-year deal with a player option to extend it for another season, ESPN reported. Kaepernick can also void the deal before the new league year starts in March and become an unrestricted free agent.
The revised contract eliminates the injury guarantee that was connected to his $14.5 million salary in 2017. On Tuesday, after he was named the starting quarterback for Sunday’s game against the Bills, Kaepernick said he felt “no pressure” to sign the contract before he played in Buffalo.
He also said he didn’t know if his injury guarantee is the reason he didn’t replace Gabbert earlier.
“I really don’t know,” Kaepernick said. “You’d have to ask the people upstairs about that.”
In Kaepernick’s restructured deal, his $125,000 per-game bonuses for being on the 46-man roster become part of his base salary. He will also receive a bonus if he takes 50 percent of the offensive snaps. If he stays with the 49ers in 2017, he will have a $14.5 million salary with no guaranteed money.