This is from Michael David Smith at ProFootball Talk:

Brady Quinn is on the way to Denver.

Jay Glazer of Fox Sports is reporting that Quinn was just traded from the Cleveland Browns to the Denver Broncos in exchange for Peyton Hillis and two conditional draft picks.

We’ve known since the Browns acquired quarterbacks Seneca Wallace and Jake Delhomme that Quinn was on the way out, and now we know that he’s gone.

The question now is whether he’ll be the starter in Denver.

Source: PFT