REPORT: 49ers and Broncos Agree to Colin Kaepernick Trade, Pending Contract Restructuring
The San Francisco 49ers and the Denver Broncos have reportedly agreed on a deal that would send quarterback Colin Kaepernick to Denver in exchange for draft pick compensation (believed to be a mid-rounder).
Now all that’s left is for Kaepernick to agree to restructure his contract, which currently has him making $11.9 million in 2016, with a $15.9 million cap hit. Kaepernick and Broncos general manager John Elway have already met to see if they can come to an agreement on a new contract, but both sides are believed to be far apart at the moment.
Right now, the Broncos are set to defend their Super Bowl title with Mark Sanchez under center. If Kaepernick joins the Broncos, he’ll likely enter training camp as a slight favorite to win the starting job over Sanchez.
Hat Tip – [ESPN]