Colin Kaepernick’s big-money deal is good news for Packers

5 Jun
Quarterback Colin Kaepernick

San Francisco 49ers quarterback Colin Kaepernick celebrates with his signature bicep kiss.
Credit: csmonitor.com

Most Packers fans recognize Colin Kaepernick as the guy who ended the Packers’ Super Bowl hopes the past two seasons. Kaepernick tore up a feeble Packers defense, running his way to berths in the Super Bowl and the NFC Championship game, and ultimately a lucrative contract extension. Now, he’s the sixth-highest paid quarterback in the NFL, and he’s just getting started.

On Wednesday, the San Francisco 49ers signed their impressive young quarterback to a six-year contract extension worth up to $126 million, with $61 million guaranteed. That is the most guaranteed money for a player in NFL history. The deal features a signing bonus of $12 million, and averages around $19 million per year but could reach $21 million with playoff and Super Bowl incentives.

While the $61 million in guarantees are on a year-to-year basis, the 49ers must be careful when spending money moving forward. Their situation is similar to the defending Super Bowl Champion Seattle Seahawks, who signed cornerback Richard Sherman to a four-year extension worth $57.4 million, including $40 million guaranteed. This was shortly after they signed safety Earl Thomas to a four-year extension of his own, worth $40 million with $27.75 million guaranteed.

Two of the Packers’ primary contenders aren’t being shy about spending their money, and, until this point, the 49ers and Seahawks have benefited from several of their star players participating under their rookie contracts, resulting in continued success. But what happens when these players realize their value and their rookie contracts expire?

They want to get paid.

After next season, Seahawks quarterback Russell Wilson also will ink a new contract, which is expected to exceed $20 million per year, similar to Kaepernick’s extension.

There may not be any initial consequences following the 49ers’ and Seahawks’ big-money transactions, but these deals may eventually force the two teams to part ways with core players. This is necessary to clear enough cap space to accommodate the contracts of their top-tier talent in the coming years.

Let’s not forget, the NFL is a business.

Where do the Packers fit into all this contract talk? The Packers do indeed have an advantage over the 49ers and Seahawks, considering their star quarterback Aaron Rodgers and a majority of integral players on the roster are signed for the long term. Those who aren’t will most likely be retained.

Packers General Manager Ted Thompson stands by his players with his draft-and-develop philosophy, which is a primary reason why the Packers are a competitive franchise year-in and year-out.

The Packers’ two premier receivers, Jordy Nelson and Randall Cobb, are set to become free agents at the conclusion of the 2014 campaign. They are both due for a healthy paycheck. With an estimated $14 million in cap space, signing the star wide outs shouldn’t be a problem for Thompson and the Packers front office. The organization already has acknowledged Nelson’s contract is a “priority.”

With a core of veterans under contract, complemented by a deep group of cheap, young talent and a substantial amount of cap space, I expect the Packers to be a contender yet again in 2014 and beyond.

We’ll find out in Week One, when the Packers face off against the Seahawks to open the 2014 NFL season.

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One Response to “Colin Kaepernick’s big-money deal is good news for Packers”

  1. dswyse June 24, 2014 at 10:06 pm #

    Good post, I enjoyed it. Didn’t realize he was guaranteed that much money. Look forward to other general NFL and NHL stories.

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