SAN FRANCISCO—San Francisco 49ers Quarterback Colin Kaepernick, 29, voided his contract with the team, but could re-sign with the team for the 2017 season, NFL Network reporter Ian Rapoport announced.
The new contract ousted the final four years of Kaepernick extension and will give him the chance to opt-out after this season. SB Nation reported Kaepernick is expected to earn at least $14.5 million in salary in 2017, if he stays with the 49ers.
In October, Kaepernick reconstructed his contract with the team. The original deal included injury guarantees and a series of de-escalators that could substantially lower the value of Kaepernick’s contract if he did not achieve on-field accomplishments.
As a free agent, Kaepernick can explore other markets, and possibly sign another contract with a different franchise.
Rapoport indicated that while the 49ers have been on a losing streak, Kaepernick has tallied 1,110 passing yards, 10 touchdowns, two interceptions and 223 rushing yards in In his last four games.
The quarterback has a strong relationship with the franchise after CEO Jed York supported Kaepernick’s call for social justice throughout a series of social and political statements in the recent weeks.