A potential trade of Colin Kaepernick from the San Francisco 49ers to the Denver Broncos is on hold, reports Jason Cole of Bleacher Report.
The trade isn't happening because the quarterback will not take a pay cut, nor will the 49ers pay off part of Kaepernick’s contract, according to the report.
There have been multiple reports that the 49ers are in talks to send the quarterback to the Broncos. 9News’s Mike Klis reported after Cole that the negotiations were still ongoing despite the salary issues.
Kaepernick was reportedly present for the 49ers' first team meeting on Monday. He will collect a $400,000 bonus if he attends 90% of team workouts this off–season.
Kaepernick, 28, played in only nine games for the 49ers last season and lost his starting job to Blaine Gabbert. In 2015, Kaepernick posted a career-low passer rating of 78.5 and completed only 59% of his passes with six touchdowns and five interceptions.
The quarterback led the 49ers to an NFC title and Super Bowl XLVII appearance during the 2012 season, and to the NFC Championship Game in 2013. He was selected by the 49ers in the second round of the 2011 draft out of Nevada.
In 57 career games, Kaepernick has passed for 10,030 yards, 56 touchdowns and 26 interceptions, while also rushing for 1,832 yards and 11 touchdowns. He is due $11.9 million in base salary this season.