Colin Kaepernick reaches six-year deal with 49ers

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After leading the San Francisco 49ers to the NFC Championship game the last two seasons, Colin Kapernick is getting a new deal.

According to NFL Network’s Ian Rapoport the 49ers will give their signal caller a new six-year deal worth $126 million which will keep him with the team though the 2020 season.

Kaepernick’s new deal actually includes just $13 million in guaranteed money, as the 49ers can cut him without further commitment each year on April 1. He will make just $1.073 million during the 2014 season.

The new deal comes just a day after reports broke that the team was planning a face-to-face meeting with his representatives. With the 49ers getting Carlos Rogers contract off the books and linebacker Navarro Bowman restructuring his deal the team was able to work out a new deal with their signal caller.

If the deal is worth $126 million then Kaepernick’s new deal is worth $21 million a season, well north of the $18 million that the Chicago Bears gave Jay Cutler in November.

Kaepernick is 21-8 as the 49ers starting quarterback.