The Broncos and 49ers have taken the first step toward agreeing on a trade for quarterback Colin Kaepernick.
The two teams have agreed on trade compensation, expected to be a mid-round draft pick, in order for the Broncos to acquire Kaepernick,ESPN’s Adam Schefter reported Saturday evening.
But the agreement between the two teams is only one part of the puzzle.
The Broncos, with less only about $1.6 million in salary cap space, will need Kaepernick to agree to a restructured contract and a pay cut. His $11.9 million base salary on his current deal became guaranteed by the 49ers when he was on the roster April 1, though he and the Broncos are free to negotiate a new deal.