Per the Denver Broncos official team site:
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.
Per Jay Glazer of FOXSports.com, the Bears GM Jerry Angelo didn't hesitate to package a massive deal:
Cutler has been traded to the Chicago Bears for two first-round picks and Kyle Orton, FOXSports.com has learned. It is also believed that mid-round picks were swapped as part of the deal.
The Broncos now have the 12th and 18th picks in the 1st round of the draft.
Shocking but a perfect scenario for the Kansas City Chiefs.
The rumors were flying that a deal with the Washington Redskins was "imminent."
See ya around, Jay. Check out Mile High Report for more.