The Denver Broncos are a team in transition at the quarterback position. After Peyton Manning retired following the 2015 season, the franchise has struggled to find its new QB.
The argument could be made that Denver needs to sign a proven vet at the position to improve depth. Just don't expect that vet to be Colin Kaepernick.
Broncos GM John Elway was asked about the possibility of signing Kaepernick, who hasn't played in the league since 2016. Kaepernick is currently involved in a collusion grievance against the NFL, alleging that he has not been signed because owners want to keep him out of the league due to his on-field protest.
It sounds like there's no way Kaepernick will be a Bronco.
Elway is referring to 2016, when Kaepernick was with the Niners and looking for a trade elsewhere. Denver was interested at the time, before he began his protest.
The Broncos offered Kaepernick a deal provided he was willing to take a pay cut to make it work. However, he turned it down.