According to 9NEWS Denver's Mike Klis, a trade for 49ers quarterback Colin Kaepernick by the end of the draft/Sunday is unlikely. Klis goes on to say that while a trade isn't impossible at this time, neither side has had any talks recently.
It was reported earlier today that 49ers General Manager Trent Baalke said that it was possible that Colin Kaepernick would be traded this weekend, but it doesn't appear that the Broncos are all that interested now.
The Broncos asked Kaepernick for a pay cut about a month ago, and he visited with Broncos General Manager John Elway at his house and discussed a possible pay cut/restructure. Kaepernick reportedly declined to pay cut and that put all those trade talks on the back burner.
The Broncos did free up some cap space by trading offensive tackle Ryan Clady but have since used that cap space to sign Ronnie Hillman, Jared Crick, Shiloh Keo, Garrett Graham, and multiple other guys. None were big contracts, but the amount of cap added up. I just do not see the available cap space for Kaepernick.
With Kaepernick apparently not an option, Sam Bradford's price being too high, and Brian Hoyer coming and leaving Denver without a contract, all signs point to the Broncos drafting a quarterback in the early rounds of the 2016 NFL Draft. Memphis quarterback Paxton Lynch, Michigan State's Connor Cook, Penn State's Christian Hackenberg, and Mississippi State's Dak Prescott appear to be among the Broncos targets.
We'll find out in a little over 24 hours who John Elway and Gary Kubiak deem to be their next quarterback of the future, or if they decide to stick with the veteran Mark Sanchez.