The Denver Broncos and the San Francisco 49ers have reportedly agreed to a trade involving Colin Kaepernick, reports Adam Schefter. However, the deal is contingent on Kaepernick agreeing to a restructured contract. The Broncos and Kaepernick are not close to a new deal.
The Broncos and Kaepernick are still talking in the hopes of getting a deal done. Kaepernick is set to have a $11.9 million base salary this year, a figure the Broncos do not want to pay. The Broncos want Kaepernick to take a 50 percent pay cut in 2016. Because of the disagreement between Kaepernick and the Broncos over a new contract, there is no guarantee a trade will be completed.
No word yet on what compensation the 49ers and Broncos have agreed to. However, Schefter reports it's likely a mid-round pick. Earlier today, it was reported that John Elway and Kaepernick had met to discuss a new contract. For more coverage of the Kaepernick trade, download the Chat Sports App!
The trade for Kaepernick is no longer dependent on the 49ers and Broncos agreeing to terms. It's now down to just the Broncos and Kaepernick. In any trade for Kaepernick, the Broncos will need to clear cap space. They have just under $2 million in space, and would likely cut or trade OT Ryan Clady to save nearly $10 million in space.