Fantasy Upside
With what should be an improved receiver group with speedy Torrey Smith added to the equation, Colin Kaepernick has no more excuses not to be a 4,000-total yard QB who produces on a weekly basis.
Fantasy Downside
We haven't seen the consistency yet. Kaepernick produced 10 games with 220 yards or fewer passing in 2014 and also didn't run as much until a late-season 151-yard effort made his rushing numbers appear better than they actually were.
Bottom line
Kaepernick's ADP this season is in rounds 12 to 14, so it's not like most owners are going to be counting on him as their starter as he was last season when he disappointed. With a better overall supporting cast, he should bounce back some this season, but outside of a game here or a game there, he's not likely to be a fantasy star, especially not having to face the tough defenses in his division six times per year.