The Facts: Following up on the ongoing story. ... With an incoming rookie class of quarterbacks that no one seems sold on, the 49ers are sitting on an asset in Smith. And they want to make sure everyone is aware that they control that asset. When 49ers general manager Trent Baalke was asked about the future of his former starting quarterback, he said he recently had dinner with Smith and his wife, and told him all options were on the table for the team.

Diehards Line: But the GM denied that he was going to give him away. “Are we going to trade him for sure? No, that hasn’t been decided,” Baalke said. ... As PFT's Darin Gantt suggests, while the 49ers might want to suggest they’re perfectly happy to keep Colin Kaepernick’s backup (to the tune of $8.5 million), it seems that no reasonable person expects that to happen, and a closer look at college quarterbacks this week is only going to increase the value of a guy who is at least a league-average starter, when many teams don’t have anything approaching that.