San Francisco 49ers

Report: Broncos think Kaepernick worth a fourth-round pick

Top landing spots for the career of 49ers QB Colin Kaepernick

The Denver Broncos were the first team to express interest in a trade with the 49ers for disgruntled quarterback Colin Kaepernick. Now the Cleveland Browns and New York Jets have joined the discussions with San Francisco for a Kaepernick trade. Be
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The Denver Broncos were the first team to express interest in a trade with the 49ers for disgruntled quarterback Colin Kaepernick. Now the Cleveland Browns and New York Jets have joined the discussions with San Francisco for a Kaepernick trade. Be

SANTA CLARA -- The Denver Broncos feel that Colin Kaepernick is worth a fourth-round pick, the NFL Network reported Monday.

One of the problems is the Broncos don't have a fourth-round pick to trade, at least not this season. They currently have one pick in that round, but it's a compensatory pick that can't be dealt*.

Sources have said that if the 49ers and Broncos were to agree to trade compensation, then the Broncos and Kaepernick's representatives likely would have no issues agreeing to a restructured deal.

The two teams, however, are not close on that compensation. As the NFL Network noted, no specific offer has been made by the Broncos, only a general assessment of Kaepernick's perceived value.

The same is true of the Browns. No formal offer has been made, although the Browns feel Kaepernick is worth a third-round pick. They have a high third-round pick in the upcoming draft, No. 65 overall. The issue with a 49ers and Browns trade is that the Browns and Kaepernick's representatives cannot agree to a restructured deal.

The Broncos, because they won the Super Bowl, have the last pick in each round, not counting the compensatory selections. Their third-round pick is No. 94 overall.

The Jets, meanwhile, could get involved if they lose their 2015 starting quarterback, Ryan Fitzpatrick, who is a free agent. The team has made Fitzpatrick a contract offer that he has not accepted; the Broncos also are showing interest in Fitzpatrick.

The 49ers are trying to trade Kaepernick for the right price, but are willing to hold onto him if they don't get enough in return.

Team officials have noted that new coach Chip Kelly is eager to work with Kaepernick. The 49ers also have enough salary-cap space to absorb the $11.9 million Kaepernick would be guaranteed if he is still on the roster April 1.

* A rule change recently approved by the NFL will permit compensatory draft picks to be traded beginning in 2017.

​Disgruntled quarterback Colin Kaepernick, who asked the 49ers for a trade recently, was at his best in San Francisco when he had a quarterback-minded coach and a stellar defense to back him up. The Broncos have both in Denver, which is in need of

Matt Barrows: @mattbarrows, read more about the team at sacbee.com/sf49ers.

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