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Colin Kaepernick received between $60 and $80 million in an out-of-court settlement with the NFL, according to NFL columnist Mike Freeman, who tweeted on Friday: “Number NFL team officials are speculating to me is the NFL paid Kaepernick in the $60 to $80 million range.”
While the exact terms of the settlement have not been revealed, Kaepernick attorney Mark Geragos released a statement following Freeman’s tweet, noting that the terms of the agreement are subject to a confidentiality agreement.
For the past several months, counsel for Mr. Kaepernick and Mr. Reid have engaged in an ongoing dialogue with representatives of the NFL. As a result of those discussions, the parties have decided to resolve the pending grievances. The resolution of this matter is subject to a confidentiality agreement so there will be no further comment by any party.