Sun @ 4:20 pm – According to ESPN’s Adam Schefter, the exact compensation is Hillis, a 2011 sixth round pick, and a 2012 late round selection.

4:05 pm – The Browns continuing saga at the quarterback position took yet another turn this afternoon, with the departure of quarterback Brady Quinn for what he hopes will be greener pastures out west.

According to FoxSports’ Jay Glazer, the Broncos have acquired Quinn in exchange for running back Peyton Hillis and two conditional draft picks.

This story is breaking as I write this, and as such we’ll be updating this post throughout the afternoon when more information becomes available.

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