Mile High Report just got word from the Broncos that Jay Cutler has been traded to the Bears. The Broncos sent out a brief press release, and details of the trade aren't available yet since the deal isn't completely official yet. More to come.
UPDATE: Here are the details of the trade:
To acquire Cutler, the Bears had to give up quarterback Kyle Orton and first-round picks in 2009 and 2010, along with a third-round pick in 2009.
To complete the trade, the Broncos had to give back a fifth-round pick in 2009.
That is quite the package, and based on Tom Lewand's comments that I posted earlier today, the Lions weren't willing to give up quite that much, nor did they have a decent QB to give the Broncos in return.