The Broncos shed a big salary 0n Saturday with the trade of tackle Ryan Clady to the Jets, clearing nearly $9 million under the cap for the 2016 season.
That cap space will be useful for the Broncos in the coming weeks and months, but it reportedly won’t make a trade for 49ers quarterback Colin Kaepernick likelier to happen. The Broncos want Kaepernick to slash his base salary from $11.9 million to $7 million and Mike Klis of KUSA reports that number won’t change because of changes to the cap room in Denver.
Per the report, the Broncos view that $7 million salary as the rate for a top backup quarterback/competitor for a starting job based on what Chase Daniel and Robert Griffin III are set to make in Philadelphia and Cleveland respectively. Kaepernick has thus far resisted taking that pay cut with his $11.9 million salary guaranteed by the 49ers and other bonuses putting him in position to boost his earnings above $14 million.
As a result, Klis reports the chances of a trade getting done are “not looking good” and that the Broncos would move onto other possibilities — Brian Hoyer and Josh McCown get mentions — if the deal remains undone.