Colin Kaepernick received $61 million in guaranteed money, but only $13.073 million is guaranteed at signing, which comes in the form of a $12.328 million signing bonus, a base salary of $645,000, and a workout bonus of $100,000.

For 2014, 2015, 2016, 2017, and part of 2018, the base salaries are guaranteed only for injury. 

The San Francisco 49ers can control the rights to Kaepernick for seven seasons while remaining capable of moving on after any of the next six seasons.

The total payout potentially de-escalates by $2 million per year, with up to $12 million potentially going away.

Kaepernick can halt the de-escalation by taking, in any year of the deal, 80 percent of the snaps and if:  (1) the 49ers appear in the Super Bowl; or (2) Kaepernick is named a first-team or second-team All-Pro. 

The contract also requires Kaepernick to purchase, with after-tax dollars, a disability policy that pays the 49ers $20 million if he suffers a career-ending injury.