49ers, Broncos in Talks for Colin Kaepernick Trade

Colin Kaepernick

The San Francisco 49ers are reportedly in talks with the Denver Broncos on a trade for quarterback Colin Kaepernick.

According to ESPN, both sides have agreed in principle... but before it can be completed, the teams and the QB have to agree on who will pay the quarterback's $11.9 million guaranteed salary for this upcoming season.

So far, word is the Broncos are willing to pay $7 million, but wants the 49ers to pay the remaining $4.9 million. San Francisco is unwilling and Kaepernick doesn't want to forfeit the $4.9 million to make the deal work either.

A source tells ESPN that the deal "would take two seconds" to finalize.

Kaepernick, 28, played in nine games for the 49ers last season, before losing the starting job to Blaine Gabbert. He also posted a career-low passer rating of 78.5 and completed only 59% of his passes with six touchdowns and five interceptions.

This season, he is due $11.9 million in base salary.

The Broncos won Super Bowl 50 in February, but loses its starter Peyton Manning to retirement. They're also losing backup Brock Osweiler to the Texans in free agency.