CSN Bay Area · Oct 16, 2016
Reports: Kaepernick has $7.5 million insurance policy
Colin Kaepernick hopes he 'can bring more' to 49ers at quarterbackORCHARD PARK, N.Y. -- Quarterback Colin Kaepernick gave up one insurance policy for another to provide financial protection against a significant injury this season.
As part of the restructured contract that Kaepernick signed Thursday, the 49ers purchased an insurance policy that will pay him $7.5 million if he sustains a long-term injury, according to multiple reports.
The sides agreed to a new deal that eliminates the $14.5 million guarantee for the 2017 season if Kaepernick sustains an injury in which he would not able to pass a physical by April 1, 2017.
