Colin Kaepernick protected himself with an insurance policy before signing a new deal with the San Francisco 49ers, according to multiple reports.
Ian Rapoport of NFL Network reported Sunday the controversial quarterback took out a $7.5 million loss-of-value insurance policy prior to renegotiating his contract with the team.
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The policy clarifies that if Kaepernick suffers a significant injury that forces him out in 2017, he would collect $7.5 million tax-free, which shields him in a way that's similar to what he would have received under his previous contract conditions with the injury-clause.