The Denver Broncos appear to have a rough idea of the compensation they'd be willing to part with in a potential trade for Colin Kaepernick.

Denver has told the San Francisco 49ers that it believes the young quarterback is worth a fourth-round draft selection, reports Mike Silver of NFL Network.

After completing a trade to acquire center Gino Gradkowski from the Baltimore Ravens last offseason, the Broncos are currently without a fourth-round pick in the 2016 draft.

The two sides could, of course, find a way around that issue should talks progress, perhaps centering negotiations around a higher pick either this year or next.

It remains to be seen whether another team involved would be willing to part with more substantial assets, but the lack of progress toward a trade seemingly indicates that the 49ers are taking their time regardless.