As anticipated, the San Francisco 49ers opted not to cut Colin Kaepernick ahead of Thursday's 4 p.m. ET deadline, meaning the quarterback's $11.9 million salary is fully guaranteed for 2016. Thursday marked the deadline as opposed to Friday because 4 p.m. Thursday marked the deadline for transactions to be submitted prior to April 1.
http://www.nfl.com/news/story/0ap300...ary-guaranteed
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Looks like Rick Smiths bargaining position for getting some value by trading Hoyer may have just improved a bit.