The Browns are willing to give the San Francisco 49ers a third-round draft pick in exchange for Kaepernick, according to the Cleveland Plain Dealer. The Plain Dealer reports the 49ers actually want a second-round pick but would settle for the Browns' third-rounder since it is the second pick in third round.
However, such a deal would be contingent on Kaepernick restructuring his contract, which calls for him to make $19 million per season (through the 2020 season). From the Plain Dealer:
In regards to Kaepernick's contract, the Browns will likely want to cut his current $19 million a year average by more than half. He signed a six-year extension in 2014 worth $114,000,000, including $61 million guaranteed. If he's on a team's roster on April 1st, his 11.9 million base salary for 2016 will be guaranteed.
His bases in the final four years are as follows: $14.5 million in 2017, $15 million in 2018, $16.8 million in 2019 and $19 million in 2020.
ESPN was first to report Kaepernick's interest in the Browns, after FOX Sports NFL Insider Mike Garafolo listed the Browns and New York Jets as possible suitors for him.
Here's a sentiment not many have shared recently: Colin Kaepernick wants to play in Cleveland. Respects Hue Jackson. Browns-Niners talking.
Meanwhile, the Denver Broncos -- the team most prominently mentioned as a suitor for Kaepernick after losing Peyton Manning to retirement and Brock Osweiler to free agency -- are believed to still be in the sweepstakes. On Friday, the Broncos picked up QB Mark Sanchez from the Philadelphia Eagles. However, Sanchez hasn't been a starter since the 2012 season, and Broncos GM John Elway indicated the defending Super Bowl champions aren't done improving at the QB position:
Acquired QB Mark Sanchez for a conditional '17 pick. He brings veteran leadership & will compete. This is the 1st step in our process.