It has been almost three weeks since Colin Kaepernick agreed to terms on a six year contract extension with the San Francisco 49ers. During that time, we've seen a vast assortment of hot takes. Initially some folks were wondering how the 49ers could give him so much money given his overall lack of experience. When the real numbers came out, this switched to people wondering how he could have "lost" so badly in the negotiations. And this all happened in the span of about 24 hours. The takes have quieted down, but the question still gets raised from time to time. Kap was asked about his contract after the final practice of minicamp: Q: Since you had that press conference, there’s been a lot of talk about the 49ers having won the negotiations and maybe it wasn’t the best contract for you and maybe your agents got taken a little bit by the 49ers. What’s your response to all of that? “You can skew things however you want. At the end of the day, a lot of the way the contract is set up is how every other quarterback’s contract is set up. And the things that aren’t set up like those contracts are because we wanted them that way so we can sign other players.” Q: So it was very deliberate on your part? “It was very deliberate by agents, the organization and myself that we want things done this way so we can keep a solid team here.” Q: So do you feel you’re betting on yourself in the negotiations? “If that’s what you want to call it, yes.” A problem that frequently arises in the media, and can arise in comment sections as well, is this need to declare somebody a winner and somebody a loser. Too many national folks have ignored the context of how this deal could potentially work out for both sides. If Colin Kaepernick continues to improve as a quarterback, he could make at least $114 million, and as much as $126 million over the life of the contract. There are two notable comments about the contract and why it is viewed as the 49ers won this negotiation. The first is that there is very little "fully" guaranteed money, and the second is that even if he earns the entire deal, he'll quickly be outpaced by other quarterback contracts.