Colin Kaepernick Net Worth
Colin Kaepernick net worth and salary: Colin Kaepernick is an American football player, who has a net worth of $20 million. During his six seasons in the NFL, between 2011 and 2016, Colin earned a bit more than $43 million in salary (before taxes and fees). His peak NFL salary was $14.3 million which came during the 2016 season.
Early Life: He was born in Milwaukee, Wisconsin on November 3, 1987. His birth mother put him up for adoption and Colin became the third child of Rick and Teresa Kaepernick. The Kaepernicks lived in Fond du Lac, Wisconsin until he was four when they moved to California. He was a 4.0 GPA student athlete at John H. Pitman High School in Turlock, California.
In high school he was primarily focused on baseball, earning several scholarship offers to college teams. However, he wanted to focus on football, and was offered a spot at the University of Nevada. As a college football player, he quickly showed himself to be an excellent investment. He was regularly ranked as one of the best college quarterbacks in the nation. He received numerous honors during his college football career, and set multiple records.
NFL Career: Colin was drafted by the Chicago Cubs in 2009, but turned down the MLB offer to continue playing football. He signed with the San Francisco 49ers in 2011, and played as a backup quarterback until 2012. He excelled throughout the 2012 season, and ultimately led the 49ers to Super Bowl XLVII that same year. They lost to the Baltimore Ravens 31-34.
In the 2013 season Colin led the 49ers to the NFC Championship game where they lost to the Seattle Seahawks.
Record Contract: In June 2014, Colin and the 49ers reached a seven-year extension deal. The deal could have allowed Colin to earn as much as $126 million from the deal and $61 million in potential guarantees. The extension also came with a $12.3 million signing bonus and a $640,000 salary for the upcoming season. That $13 million was the only fully-guaranteed aspect of the contract. The $61 million in potential guaranteed money was only guaranteed if Colin suffered a career-ending injury. It was a record-setting contract at the time.
According to the structure of the contract, Colin's base salary went down $2 million each year he was not named to the first or second All-Pro team OR if the 49ers did not play in the Super Bowl in the previous season (with Colin taking at least 80% of the snaps). As such, his $12.4 million base salary at the beginning of the 2015 season was reduced to $10.4 million.
In March 2017, Kaepernick discovered that the 49ers were planning to cut him. He therefore opted out of his contract in order to become a free agent.
When it was all said and done, Colin earned $39 million from his record-setting $126 million contract.
NFL Lawsuit And Settlement: Colin filed a grievance against the NFL in 2017 alleging that the league and owners conspired to keep him from playing in the NFL in response to his decision to kneel during the National Anthem. The lawsuit was settled privately in February 2019 with an undisclosed payment. On February 18, 2019, several sports news outlets reported that the settlement amount might have been in the $60 – $80 million range. A month later it was revealed that the true settlement amount was more likely around $10 million.
Nike Contract: Colin signed his first Nike endorsement deal in 2011. Many believed that Nike did not renew their contract after Colin languished without a team after 2017. In 2018, Nike released an ad campaign on the 30th anniversary of the company's "Just Do It" campaign. The ad featured Kaepernick with the words "Believe in something. Even if it means sacrificing everything." As it turned out, Nike had continued supporting Colin all along, eventually revealing him as a brand ambassador. According to Yahoo NFL reporter Charles Robinson, Nike is still paying Colin a contract that is on par with current star NFL athletes, millions per year that will include royalties on a Kaepernick-branded apparel line.
|Net Worth:||$20 Million|
|Date of Birth:||Nov 3, 1987 (32 years old)|
|Height:||6 ft 3 in (1.93 m)|
|Profession:||American football player|
|Nationality:||United States of America|