The Denver Broncos have reportedly told the 49ers they believe quarterback Colin Kaepernick is worth a fourth-round pick.
There has been no movement on trade talks, a source told CSNBayArea.com on Monday morning. “All is quiet,” the source said.
The Broncos do not have a fourth round pick available to be traded due to a trade that sent that selection to the Baltimore Ravens for guard Gino Gradkowski last year. The Broncos’ fourth-round pick is a compensatory selection and is not allowed to be traded.
The Broncos have not offered a specific fourth-round pick to the 49ers, Mike Silver of the NFL Network reported on Monday. The Broncos own the final pick in the third round, No. 94.
[MAIOCCO: 49ers 2016 offseason scorecard]
Denver also holds the final pick of the second round at No. 63 overall. The Cleveland Browns, who are also in play for Kaepernick in a trade with the 49ers, hold the No. 65 overall pick, early in the third round.
The Broncos remain in the hunt for a quarterback after the acquisition last week of quarterback Mark Sanchez from the Philadelphia Eagles for a conditional 2017 seventh round draft pick.
Last week, Peyton Manning announced his retirement and expected heir apparent Brock Osweiler signed with the Houston Texans as a free agent.
The 49ers have publicly stated their intention to retain Kaepernick on their roster and allow him to compete with Blaine Gabbert for the starting job.