The 49ers and Broncos have the parameters in place for a Colin Kaepernick trade, ESPN’s Adam Schefter reported Saturday, but Kapernick needs to agree to a pay cut for a deal to be completed.
Schefter also reported that if a deal is finalized, the Broncos would then trade a mid-round pick to the 49ers.
The Broncos have been in the quarterback market since losing Brock Osweiler to the Texans on the first day of free agency, but due to salary cap issues they want Kaepernick to take a pay cut. There’s no guarantee that Kaepernick will accept a new deal at a lower number; his 2016 salary of $11.9 million became fully guaranteed on April 1.
Kaepernick and Broncos vice president of football operations John Elway met last Thursday for the second time, a meeting that presumably was about Kaepernick agreeing to a pay cut to facilitate the trade.