As first reported by ESPN, San Francisco 49ers QB Colin Kaepernick received a $7.5 million insurance policy from the team. This report according to ESPN’s Adam Schefter, in addition, Schefter reports that if Kaepernick plays 50 percent of the snaps, a $1 million incentive will kick in (according to league sources).
“The 49ers purchased a three-part, $500,000 insurance policy in which Kaepernick is the beneficiary, according to a league source. If Kaepernick is hurt to the point where he cannot play next season, he would collect $7.5 million tax-free, a figure close to what he would have made in Year 2 of his original contract ($14.5 million before taxes).”
While Kaepernick will make his season-debut as the team’s starter, he will not wearing a tinted visor. No surprise here, as I asked Kap why he continues to wear one despite not getting league approval. (watch video below).