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Directly from the Broncos --

The Denver Broncos have agreed in principle to trade quarterback Jay Cutler to the Chicago Bears. Terms of the deal will be disclosed at a later time

As of now, it looks like we have another QB in the mix, and a stacked set of drafts in 2009 and 2010.  We had to give a little too:

To acquire Cutler, the Bears had to give up quarterback Kyle Orton and first-round picks in 2009 and 2010, a source said.

To complete the trade, the Broncos had to give back a fifth-round pick in 2009. That pick was acquired by the Broncos from the Seattle Seahawks in a trade for wide receiver Keary Colbert.

The Bears beat out the Redskins, Buccaneers, Lions, Titans and other teams to get land the 25-year-old Pro Bowl quarterback.

NFL Network is reportinga deal that is quite a bit sweeter for the Broncs:

The Denver Broncos have agreed to trade disgruntled quarterback Jay Cutler to the Chicago Bears.

The Broncos announced the deal Thursday and said terms would be disclosed later.'s Steve Wyche reports that the Broncos will receive three draft picks (first-rounders this year and in 2010, a third-rounder this year) and quarterback Kyle Orton in exchange for Cutler.

 The Haul:

  • 1st rounder in 2009  (#18 overall)
  • 1st rounder in 2010 (to be determined)
  • 3rd rounder in 2009  (#84)
  • QB, Kyle Orton

The Hauled-Off:

  • Jay Cutler
  • 5th round pick in 2009(#140 overall))