SANTA CLARA (KRON) — San Francisco 49ers quarterback Colin Kaepernick is going to stay in Santa Clara, for now. A new report from an NFL insider says that the beleaguered QB isn’t going to take a pay cut to join 2016 Super Bowl champs Denver Broncos.
Bleacher Report’s Jason Cole says, citing sources, that in addition to Kaerpernick not willing to restructure his hefty contract, the 49ers will not pay down his current deal to facilitate a trade with the Broncos.
On Saturday, ESPN’s NFL Insider Adam Schefter reported the two teams had reached a deal, but that Kaepernick would have rework his pricey contract with Broncos GM John Elway. The two sides reportedly met a couple of times over the last two weeks.
Denver wanted the 28-year-old QB to take a $4 million pay cut from his hefty $11.9 million base salary for 2016, according to reports. A trade with the Broncos would have given the 49ers a mid-round draft pick.
— Jason Cole (@JasonColeBR) April 4, 2016
Kaepernick had been in Vail rehabilitating from surgeries on his right thumb, his left knee, and on his non-throwing left shoulder to repair a torn labrum, according to a KUSA-TV report.
The Broncos scrambling for a new quarterback following the retirement of Peyton Manning and backup Brock Osweiler’s departure to Houston in free agency. Denver had been considered a front-runner to land a trade for Kaepernick.
Kaepernick is also seeking a fresh start. His agents have been granted permission by the 49ers to seek a trade.
A move to Denver would also give him a possible spot after losing his job last fall to 2011 first-round pick Blaine Gabbert. Gabbert took over in November for the benched Kaepernick, who completed just 59 percent of his passes with six touchdowns, five interceptions and a 78.5 rating before losing his job.