49ers' Colin Kaepernick: Will opt out of contract

Kaepernick announced Wednesday that he would opt out of the final season of his contract with the 49ers, ESPN.com's Nick Wagoner reports.

In what was a widely-anticipated decision, Kaepernick will become a free agent for the first time in his career, affording the 49ers approximately $14.5 million in cap room in the process. After spending a good portion of 2015 in a backup role behind Blaine Gabbert, Kaepernick made 11 starts in 2016 and was quite productive from a statistical standpoint, posting a 90.7 passer rating and a 16:4 touchdown-to-interception ratio while also contributing 468 yards on the ground. It's unclear if other teams around the league view Kaepernick, who went only 1-10 as a starter last season, as a viable No. 1 quarterback, but now that he's a free agent, his acquisition cost would likely be lower than some of the other veteran signal callers who are expected to be available this offseason via trade.

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