Please don't sign Kaepernick to one of these massive deals we've seen handed out to the likes of Matt Ryan, Jay Cutler, Joe Flacco, Matt Stafford, etc...
Colin Kaepernick: http://www.spotrac.com/premium/research/nfl/contract-forecast-colin-kaepernick-414/
Michael Crabtree: http://www.spotrac.com/premium/research/nfl/contract-forecast-michael-crabtree-410/
I support the Crabtree deal, not the Kaepernick deal.
Trade Kaepernick or just let him go; don't destroy the franchise by signing him to anything close to that deal...
Besides the Aaron Rodgers(without question the best QB in the league) and Tom Brady(he took a hometown discount) recent signings, I don't agree with any of the big QB signings over the past year or two: http://www.spotrac.com/premium/research/nfl/full-extension-364/
Look, with the new CBA, playoff teams are the teams with one of the 4 elite QBs(Rodgers, Peyton, Brady, Brees) or a teams with a QB on a rookie deal(Luck, Wilson, Newton, Kaepernick, Dalton, Foles) that enable them to use that additional $20M on additional talent(it's amazing the talent difference of the rest of your team, when you can spend $120M instead of $100M on all the non-QB players). I'd even argue that Alex Smith and his $7.5M deal is arguably basically a rookie-esque deal, allowing them to spend $115M on the non-QB players.
These cap hits for 2014 for these middling QBs are insane:
Jay Cutler($22M), Tony Romo($21.7M), Eli Manning($20.4M), Ben Roethlisburger($19M), Matt Ryan($17.5M), Philip Rivers($17M), Matt Stafford($16M), Joe Flacco($15M, though I'm looking forward to 2016 when his cap hit will be $28.5), and even Carson Palmer($12M)
and even after they're released: Sam Bradford($17.6M->$7.2M dead money), Matt Schaub($14.2M->10.5M dead money), Mark Sanchez($13.3M->$4.8M dead money)
Insane amounts. Basically every one of these teams is eliminating themselves from playoff contention because of what they've left themselves to spend on the rest of the squad.
I'll say it again, these are insane amounts to be paying a QB, when the new CBA provides cheap QB labor through the draft.
Pay Kaepernick his $1.6M this year, and then let him go (either trading him if someone *hits* or just letting someone else sign him for some crazy amount).
We've got loads of picks: a first, 2 seconds, 2 thirds, a fourth, a fifth, a sixth, 3 sevenths...
Use a couple of them to grab QBs that Harbaugh thinks he can develop, and pray that one of them *hits* backing up Kaepernick this year... if neither do, that sucks, and we try again in next year' draft... the point being we have our QBs at $1-2M/year contracts over the next 4 years.
They're projecting: Derek Carr, Jimmy Garoppolo, AJ McCarron, Aaron Murray, Zach Mettenberger, David Fales, Tajh Boyd, Stephen Morris, Logan Thomas, Conner Shaw, etc all being 2nd+ round picks...
Grab 3 of them if you aren't feeling confident that any of them have Kaepernick potential...
But don't lock up $20M/year for the next 3 to 4 years on Kaepernick... I'm begging you.