Colin Kaepernick: Trade to Broncos Being Held up by $4.9 Million
The long-rumored Colin Kaepernick-to-Denver trade has hit a snag. ESPN is reporting that while the two teams have agreed on compensation for a trade, they haven’t agreed on who will be paying all—or part—of Kaepernick’s $11.9 million 2016 salary.
ESPN is reporting that the Broncos are willing to pay Kaepernick $7 million with the rest ($4.9 million) coming from San Francisco.
To this point, the 49ers aren’t willing to pay that much for a player they’d apparently like to keep on their roster.
Kaepernick, who was San Francisco’s second-round pick in 2011 and starting quarterback from mid-2012 until his benching mid-way through the 2015 season, has been unwilling to forfeit money to make the trade work.
— Sporting News (@sportingnews) April 4, 2016
A high-level source said “it would take two seconds” for the teams to finalize the deal, with compensation for the dual-threat quarterback being a likely third-round pick.
San Francisco’s offseason program starts Monday and Kaepernick is to receive an addition $400,000 for 90 percent attendance, making the timing here very critical.
Kaepernick and John Elway–Denver’s executive vice president of football operations/general manager–have already hashed out how the remaining years of his contract (which runs through 2020) would work out, with the 2016 salary being the only question mark.
Denver, the reigning Super Bowl champions, lost their top two starting quarterbacks from last season with the retirement of Peyton Manning and then losing Brock Osweiler to the Houston Texans in free agency. The team has traded for Mark Sanchez to help shore up the position but likely needs some more competition.
Kaepernick led the 49ers to Super Bowl XLVII–where they lost to the Baltimore Ravens–in 2012 after passing for 1,814 yards while starting seven games. He also ran for 415 yards. But his numbers steadily decreased to the point that San Francisco finally benched him in favor of Blaine Gabbert mid-way through last season.