49ers

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

kaepernick-colin-49ers-sideline.jpg

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. 

Deebo Samuel wants Jets' Jamal Adams on 49ers as trade rumors swirl

Deebo Samuel wants Jets' Jamal Adams on 49ers as trade rumors swirl

Deebo Samuel likes the idea of another potential Super Bowl run for the 49ers.

All-Pro New York Jets safety Jamal Adams has requested a trade from the Big Apple, and the 49ers have been one of his most-rumored potential destinations. Samuel took to his Instagram story on Thursday night to send a subtle message of encouragement to the 24-year-old safety.

[RELATED: George Kittle 'really proud' of team's offseason work, effort]

Both the 49ers and Seattle Seahawks have been reported to be in negotiations with the Jets regarding Adams, who has been an All-Pro in each of the past two seasons.

There are plenty of potential hurdles for the 49ers if they wanted to complete a potential trade for Adams. He has two years remaining on his rookie deal in New York and holds very little leverage outside of opting not to report to training camp and holding out. The Jets rightfully are asking for a high price, likely needing at least one first-round pick to even have a seat at the table in negotiations. All of that neglects to mention that Adams wants to be paid like the NFL's best safety (which he has a pretty good argument for being), but the 49ers' front office still has to pay George Kittle what is expected to be well above the current tight end market value.

Nevertheless, you can't blame Deebo for trying to bring as much talent to the 49ers as possible. 

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

NFL rumors: 49ers, Seahawks have discussed Jamal Adams trade with Jets

NFL rumors: 49ers, Seahawks have discussed Jamal Adams trade with Jets

Back in May, I suggested the 49ers should pursue a trade for New York Jets star safety Jamal Adams. Then, last month, he formally requested a trade from his incumbent team and included San Francisco on the shortlist of teams he would welcome a trade to.

Acquiring a player of Adams' ilk would be challenging to say the least. Prohibitive, perhaps. It likely would cost more than a pretty penny in assets, and then there's the matter of paying him what he wants. The entire impetus for his trade demand is that he deservedly wants to be the highest-paid safety in the NFL, and he is dissatisfied with the Jets for dragging their feet.

I get it. The 49ers already are limited in cap space, and George Kittle has yet to sign a contract extension. Then there's the financial impact of the coronavirus, which could significantly lower the salary cap for next season and possibly beyond. Adding Adams to the fold likely would mean at least one noteworthy contributor on the team would soon be playing elsewhere. And, draft picks are particularly valuable for cap-strapped teams.

However ...

Adams won't turn 25 until October. Any team acquiring him could count on many more seasons of outstanding production. He also carries modest cap hits of $7.2 million and $9.9 million for the next two seasons, and reportedly would be willing to go to one of his preferred destinations without a pre-arranged extension. He's not much older than the prospects in next year's draft, and sorry, but he's better than all of them -- especially those at the end of the first round, where the 49ers likely will be picking.

[SPORTS UNCOVERED: Listen to the latest episode]

'But the cap is going to go way down,' you say. In the immediate, that's correct, it's basically a certainty. But clearly, the Kansas City Chiefs expect the cap to rise significantly in the coming years. They just signed Patrick Mahomes -- who turns 25 in September -- to a gargantuan 10-year contract that could be worth up to $503 million. Sure, they could come to regret it, big time. But Mahomes is worth the risk.

As for Kittle, yes, he still needs to -- and will be -- paid. However, it seems likely he'll end up signing an extension for an annual salary well below the massive numbers that were being thrown around at the beginning of the offseason. It's not that he doesn't deserve it. It's just the way the NFL works.

Perhaps those factors explain why Sports Illustrated's Corbin Smith reported Thursday, citing multiple sources, that the 49ers have had preliminary discussions with the Jets about Adams' availability.

And, within Smith's report, he laid out yet another reason why San Francisco might be willing to do what it takes to get Adams: the Seattle Seahawks.

Just like the 49ers, the Seahawks -- who also were on Adams' shortlist -- reportedly recently engaged New York in preliminary discussions for the standout safety. Smith suggested Seattle likely would have to part with its 2021 first-round draft pick, as well as additional draft assets and/or players to acquire him. That gives you an idea of what the 49ers would have to give up.

That's a steep price, to be sure. But I'd argue it'd be a lot more palatable than having him play not just in San Francisco's division, but for the 49ers' most bitter rival for many years to come.

[RELATED: Lott believes 49ers trading for Adams would be 'huge win']

The 49ers were at least one tier above the Seahawks last season, but let's not forget, they literally beat out Seattle for the NFC West title by a matter of inches.

Adams already is a game-changer. San Francisco cannot afford to let him become a division-changer. If that means paying a hefty price and taking on more risk, so be it.