49ers

Source: Kap not willing to take Broncos' current pay-cut offer

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Source: Kap not willing to take Broncos' current pay-cut offer

Editor's note: The above video is from March 31, 2016.

Colin Kaepernick is willing to take a pay cut to play for the Denver Broncos, just not one as large as the reigning Super Bowl champions would like.

The Broncos are offering Kaepernick an annual salary of $7 million for the 2016 season and the 2017 season, a source close to the situation told CSNBayArea.com on Tuesday.

Kaepernick and the Broncos have "made progress" on a contract that would run through 2020, ESPN's Adam Schefter reported on Monday.

But the finances over the first two years are not favorable for Kaepernick. Agreeing to Denver's offer would cost the 28-year-old quarterback $12.4 million in base salary, and potentially as much as $16.2 million, over the next two years. His current contract with the 49ers pays a base salary of $11.9 million for the 2016 season and $14.5 million in 2017.

Even if the 49ers were to release Kaepernick before April 1 of next year, the quarterback could earn up to $14.3 million in 2016 -- more than the $14 million he would earn in two years with Denver.

Kaepernick would consider a deal with the Broncos that is slightly under his salary with the 49ers, according to the source. But Kaepernick “made his statement” regarding Denver’s current offer by reporting to San Francisco’s offseason program.

Kaepernick flew from Denver to the Bay Area late Sunday night after meeting with Broncos officials and arrived in time for the Monday morning start to the 49ers offseason program.

The 49ers quarterback will receive a $400,000 workout bonus for 90 percent participation in San Francisco's voluntary offseason program. He spent the majority of his first day under Chip Kelly’s tenure in meetings with new quarterbacks coach, Ryan Day, and offensive coordinator, Curtis Modkins.

A trade between the 49ers and Broncos is still a possibility, but the discrepancy in salary would have to be settled by the teams. Kaepernick and the 49ers are at odds, specifically over the diagnosis of injuries he sustained during the 2015 season, but the 49ers are not willing to pay the $4.9 million difference in salary in 2016 to send Kaepernick to Denver.

[REWIND: Kaepernick, 49ers at odds over injuries]

Kaepernick’s season ended when he underwent surgery in November to repair a torn labrum in his left shoulder. In January, he had a torn ligament in his right thumb repaired and an arthroscopic procedure performed on his left knee. Dr. Peter Millett at the Steadman Clinic in Vail, Colorado performed the work and Kaepernick spent the next two months in Vail undergoing rehab.

Kaepernick has had no setbacks medically, according to the source, and is expected to need at least one more month before he is football-ready.

Under his current contract, which runs through 2020, the 49ers have the option to release Kaepernick before April 1 of each year with a minimal cap hit. 

Kyle Shanahan sees Jordan Reed as big 49ers contributor, if healthy

Kyle Shanahan sees Jordan Reed as big 49ers contributor, if healthy

Veteran tight end Jordan Reed seemingly is taking a huge risk with designs on a return to football after sustaining a seventh documented concussion a year ago.

But it is a risk that could pay off big for Reed and the 49ers this season, his first NFL coach said on Monday.

Kyle Shanahan was in his final season as Washington’s offensive coordinator during Reed’s first season after entering the league as a second-round draft pick. Now, Shanahan and Reed are back together after Reed agreed to a one-year contract on Monday.

“I know he hasn’t been on the field for a little bit. I know he’s very hungry to get back out there,” Shanahan said.

“When you have a talented guy who’s hungry to play football, it works out if they can stay healthy. And Jordan has had some bad luck over the years. I know he’s ready to go. I hope he has some good luck here. And if he does, I think it’s going to be a hell of a deal for the Niners and a really good deal for him, also.”

[49ERS INSIDER PODCAST: Listen to the latest episode]

Reed, 30, has appeared in just 65 games over the past seven seasons with Washington. He has 329 career receptions for 3,371 yards and 24 touchdowns. His best season came in 2015, when he saw action in 14 games and caught 87 passes for 952 yards and 11 touchdowns.

He did not play last season after sustaining a concussion in a preseason game. The Washington Football Team released him in February.

“Everyone is aware of Jordan’s ability,” Shanahan said. “When he’s been healthy, he’s played at an extremely high level. And he’s been one of the first third-down tight ends in the league when he’s been healthy.”

[RELATEDShanahan optimistic 49ers, Kittle will get contract done]

Shanahan said he typically likes to bring six tight ends to training camp. It was a little more difficult this summer because teams have to trim to 80 players instead of the usual 90-man limits. But the 49ers found a way to add Reed, who figures to join a competition to become George Kittle’s backup.

Reed will compete with Ross Dwelley, Daniel Helm and sixth-round draft pick Charlie Woerner for the backup job.

“It's well-documented that he’s had multiple concussions prior,” 49ers general manager John Lynch said. “So in situations like this, there’s a reason that a guy like Jordan Reed is out there, right? There is some risk-reward. We got to a point where we felt the risk that we’re taking on was worth it with the potential reward.”

Trent Williams thrilled 49ers signed former teammate Jordan Reed

Trent Williams thrilled 49ers signed former teammate Jordan Reed

Trent Williams isn't the only former Washington Football Team player joining the 49ers this offseason.

San Francisco signed free agent tight end Jordan Reed to an incentive-laden one-year contract on Monday, hoping to put a steady backup behind All-Pro George Kittle. Formerly a third-round draft pick by Washington in 2013, Reed was a teammate of Williams in the nation's capital for each of the past six seasons. Williams expressed his excitement for Reed on his Instagram story Monday afternoon.

[49ERS INSIDER PODCAST: Listen to the latest episode]

A Pro Bowl selection in 2016, Reed missed all of the 2019 season after getting a concussion in the third preseason game against the Atlanta Falcons. Like Williams, Reed finished the 2019 season on injured reserve. Washington released Reed in February.

Reed could see his role increased significantly early on with the 49ers if Kittle's contract negotiations continue to stall, as general manager John Lynch didn't give much of an update Monday on the conversations.

[RELATED: 49ers rule D.J. Reed out for year after surgery on torn pec]

“We’re working diligently to come to a resolution,” Lynch told reporters over Zoom on Monday afternoon.

Reed's concerning history with concussions wasn't lost on Lynch, but the 49ers clearly see the upside in a tight end with four 50+ catch seasons out of his six healthy NFL seasons.

“It's well-documented that he’s had multiple concussions prior,” 49ers general manager John Lynch said. “So in situations like this, there’s a reason that a guy like Jordan Reed is out there, right? There is some risk-reward. We got to a point where we felt the risk that we’re taking on was worth it with the potential reward.”