The Bronco released this statement:

Broncos agree to trade Jay Cutler to Chicago

ENGLEWOOD, Colo. – “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.”

Source: Bill Williamson ESPN

The Chicago Sun-Times reports the Bears are sending two first-round draft picks (2009 and ’10), a ’09 third-round pick and former starting quarterback Kyle Ortonto Denver in exchange for Cutler and an ’09 fifth-round pick.

Wow, the bears pick 18th, Kyle Orton? but who knows the Broncos may not be finished making moves. It looks like that fifth round pick of the Broncos in the deal is actually a 3rd rounder. My mistake, we’re receiving Orton, two first rounders and a third round pick for Cutler and a fifth round pick this year.