Former Buccaneers GM and current ESPN analyst Mark Dominik believes a trade between the Broncos and 49ers involving QB Colin Kaepernick is already “done“, but the deal likely hinges upon San Francisco drafting a quarterback in the coming weeks.
Dominik adds that you never allow a player to meet with another without a trade and contract already worked out.
Things have gone silent in regards to a potential Kaepernick trade since his salary became guaranteed a few weeks ago.
Last we heard, Kaepernick is unwilling to accept a pay cut in order to play for the Broncos, given that his current salary is now guaranteed.
Previous reports have said that a restructured deal remains the hold up in a potential trade. However, the Broncos are reportedly offer Kaepernick just $7 million in 2016, which would be on par with the going rate for an elite backup quarterback.
Denver would likely include incentives that would allow Kaepernick to recoup the the $4.9 million difference back based on his performance in 2016.
It appears as though talks are unlikely to pick up until the week of the draft, and a deal may not go down until the day one on April 28.
Kaepernick, 28, is in the third year of his seven-year, $126.97 million contract that included $61 million guaranteed and stands to make a base salary of $13.9 million for the 2016 season.
While those numbers are impressive on their own, the contract is essentially a pay-as-you-go agreement that includes ways for San Francisco to walk away with limited repercussions, as long as Kaepernick is healthy.
According to OverTheCap.com, trading Kaepernick would free up $8,493,493 in available cap space and create $7,397,260 in dead money.
In 2015, Kaepernick threw for 1,615 yards while completing 59.3 percent of his passes to go along with six touchdowns and five interceptions over the course of eight games. He also added 228 yards rushing and a touchdown.
We’ll have more regarding a Kaepernick trade as the news is available.