Multiple reports have revealed that the Broncos have entertained the idea of trading quarterback Jay Cutler. The Buccaneers and Broncos were reportedly trying to swing a three-team deal that would have sent Matt Cassel from New England to Denver and Cutler from Denver to Tampa Bay, with the Patriots receiving some sort of compensation. The Lions also reportedly inquired about Cutler. "I've heard the rumors," Cutler told Vic Lombardi of CBS in Denver. "I know what they're trying to do. Even though I love Denver and I'd love to remain a Bronco, I know how this business works. If they want me to play somewhere else, so be it."

After visiting with the Bengals, free agent running back Derrick Ward is expected to visit the Broncos on Sunday. His age, 28, is an issue, but he's still one of the top runners on the market.

The Broncos, who have been busy since free agency kicked off on Friday morning, have signed veteran safety Brian Dawkins to a five-year, $17 million deal. The contract includes $7.2 million in guaranteed money. The pact also has escalators that could boost the value of the agreement to $27 million over five years. However, the deal also could be voided to two years, $9 million, according to an NFL.com report. Dawkins had spent the previous 13 years of his career with the Eagles.

The San Francisco Chronicle has reported that the Broncos have agreed to terms with Philadelphia safety Brian Dawkins and that a press conference will be held Saturday. However, a source close to the situation said no press conference has been set. Dawkins could be headed to Denver but the deal is not done yet.

The Denver Broncos are interested in running backs J.J. Arrington and Correll Buckhalter.

The Broncos may be among the teams interested in New York Giants running back Derrick Ward when he becomes a free agent on Feb. 27. RealGM Note: Ward led the NFL in yards per carry and 'deserved' to make $4.55 million as the 11th most productive back.

The Denver Broncos announced that they released cornerback Dre' Bly on Tuesday evening. Bly played two seasons in Denver after playing for Detroit and St. Louis. RealGM Note: Bly was signed to a five-year, $33 million contract in March of 2007 after he was acquired in a trade for Tatum Bell. He was given $16 million in guaranteed money.

Defensive tackle Dewayne Robertson was among six players cut by the Broncos on Monday, as reported by the Associated Press. Robertson, acquired last off-season from the Jets, was set to count $16M against the team?s $123M salary cap. Also released Monday by new GM Brian Xanders were linebackers Niko Koutouvides and Jamie Winborn, safety Marquand Manuel, defensive end John Engelberger and tight end Nate Jackson.

The Broncos have appointed Brian Xanders as the team's sole general manager, while firing Jim Goodman and Jeff Goodman. The decision disbands the three-man team that had been running the team's personnel department for the past year. "Really, what I was interested in doing was resetting the way we do business around here," owner Pat Bowlen said Thursday. "Brian Xanders was what I considered a true general manager."

As a Pro Bowl rookie, Jay Cutler was the victim of some hazing on Wednesday. Linemen Nick Mangold and Kris Dielman pushed Cutler into the pool, while Peyton Manning grabbed the cellphone from his pocket. Remaining in Cutler's pocket was his blood-sugar monitor. "That was a prank where I thought we were smart enough to get the cellphone out of his pocket," Dielman said. "But then, 'Oops.'" After a few calls, Cutler found a replacement monitor by lunchtime Wednesday. "It was a bad audible on our part," Manning said. "I think we were thinking right, trying to get the cellphone. Then we realize, the guy gets insulin shots. We missed that."