Colin Kaepernick and the 49ers have agreed on a six-year, $126-milliondeal, that will include $61 million in guaranteed money.

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The $61 million in guaranteed money is the most ever given to an NFL player in one contract. The money isn’t technically fully guaranteed because Kaepernick has to be on the roster at a certain date each season. However, since it’s unlikely the 49ers will ever cut him, he should see all of the $61 million.

It’s a huge contract and Kaepernick knows it. “The only thing I can say is I’m going to work to make sure I’m worth every penny of this,” the quarterback said after signing.

The new deal will keep Kaepernick in San Francisco through the 2020 season. Under his old contract, which was set to expire after 2014, Kaepernick would have made less than $1 million in base salary this year.