Rice signed a one-day contract so he can officially retire as a 49er, and will get some silly amount of money that refers to his uniform number, weight, hat size, zip code, and favorite radio station. Of course, he won't actually get any of that money, because, as stated, the contract is ceremonial. Pro sports financial rules are beyond us, so we're not sure how this whole thing actually works.
The point is, Jerry can now say he retired as a 49er, and we can forget about the debacle that was the last year or so of his career. It was too bad when he crossed the bay to the Raiders, it was just sad when he played in Seattle and spent training camp with the Broncos. Let's face it, if he couldn't play for the Niners, he shouldn't have been playing at all.
Sadly, Jerry apparently doesn't know how to quit in other aspects of his life. After his success in