Fooch's update - Florio adds more to Rapoport/Barrows side of things:
Source: 49ers, Broncos don't have a deal in principle for Kaepernick, yet https://t.co/myCCPDxMVw— ProFootballTalk (@ProFootballTalk) April 3, 2016
The next 24-48 hours are going to be slightly interesting, to say the least. Earlier on Saturday, Adam Schefter reported that the San Francisco 49ers and Denver Broncos had come to an agreement in principle on the terms of trading Colin Kaepernick. The only hold-up left was getting his contract restructured.
A little later in the afternoon, Ian Rapoport reported that not only was there no agreement on a restructured contract, but there was also no agreement on picks to be traded. Here are both sides tweets:
SF-DEN have parameters of trade agreement on Colin Kaepernick, but still need restructured deal to complete... https://t.co/93waYznrUa— Adam Schefter (@AdamSchefter) April 2, 2016
Should Denver and Colin Kaepernick agree to a restructured contract, Broncos then expected to trade mid-round pick to SF to complete deal.— Adam Schefter (@AdamSchefter) April 2, 2016
Working out trade comp for Kaepenick was easy part. Tougher part is convincing Kaep to take less guaranteed $. It's why trade not yet close.— Adam Schefter (@AdamSchefter) April 2, 2016
If the #Broncos & Kaepernick want a trade bad enough, it can happen. But the obstacles are many. The Elway meeting didn't solve them.— Ian Rapoport (@RapSheet) April 2, 2016
This was then followed by a tweet from Matt Barrows suggesting Rapoport might be more spot on than Schefter.
Been told it's not imminent. 1. Kap, Broncos must agree on contract. 2. 49ers, Broncos then work on compensation. https://t.co/J1JCsrKMYg— Matt Barrows (@mattbarrows) April 2, 2016
The 49ers open their offseason workout program on Monday. Odds seem decent that if a deal is going to get done, it would probably be before Kaepernick is expected in Santa Clara. But as this shows, nothing is particularly clear.
Clearly our safest bet is waiting for Jay Glazer to chime in with his unique brand of scoopage.