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Colin Kaepernick Trade Rumors: Broncos, 49ers Reportedly Progressing on Deal

Mike Norris@@MikeNorrisBRFeatured ColumnistApril 2, 2016

FILE - In this Nov. 8, 2015, file photo, San Francisco 49ers quarterback Colin Kaepernick stands on the field during an NFL football game against the Atlanta Falcons in Santa Clara, Calif. After months of trade talk and speculation, Kaepernick is still on the 49er's roster and due a hefty payday. The quarterback's $11.9 million 2016 contract became guaranteed at 1 p.m. local time Thursday, March 31, 2016, when the 49ers kept him on the roster. (AP Photo/Ben Margot, File)
Ben Margot/Associated Press

The Denver Broncos and San Francisco 49ers have reportedly agreed on a deal that would send quarterback Colin Kaepernick to the defending Super Bowl champions, per Adam Schefter of ESPN.

However, before the embattled signal-caller can head to the Broncos, the two sides must agree on a restructured contract, and Schefter said talks "have not been close."

The 28-year-old quarterback fell out of favor with the 49ers after struggling in 2015. They benched him for backup Blaine Gabbert in the second half of the season, and the marriage between San Francisco and Kaepernick was all but over.

At one point, the New York Daily News' Manish Mehta reported that he would like to play for the New York Jets, but now he may have his chance with the Broncos.

Denver is searching for a quarterback after losing Peyton Manning to retirement and Brock Osweiler to free agency. The team traded for Mark Sanchez after the season, but it appears Denver is not set on naming him the starter.

Schefter said although the Broncos would have to provide some compensation to San Francisco if a trade is made, that will not be an issue. It's more about turning the $26.4 million ($11.9 million guaranteed in 2016) he's owed the next two seasons into something more team-friendly.

It makes sense that the Broncos don't want to pay that much because Kaepernick's numbers slipped to a 59.0 completion percentage and just six touchdowns and five interceptions last season.

John Middlekauff of San Francisco's 95.7 The Game seems to think Kaepernick should just be happy to have a job anywhere:

John Middlekauff @JohnMiddlekauff

So pretty much Colin Kaepernick ( a below avg player) looked at the #49ers is saying I don't want your money

Kaepernick proved early on he can win the NFL, twice taking San Francisco to the NFC Championship Game in the past, but he obviously has regressed. Denver could be a great spot for him considering the Broncos have one of the best defenses in the NFL and won the Super Bowl with a below-average performance from Manning.