There are rumors buzzing that quarterback Jay Cutler could soon be playing for a different team. This, after a multi-million contract that Jay Cutler signed last January. According to reports the Chicago Bears could trade Jay Cutler and get $ 12.5 million off from their 2015 salary cap.

It will be recalled that the quarterback had signed a guaranteed $ 126 million contract extension last January that was good for seven years. Reports have surfaced that the team has admitted they "goofed" on this contract extension offer, and are looking to save their necks, and the Chicago Bears trade of Jay Cutler could happen any time soon. The trade could free the team of the last six years of the seven year contract they originally offered to the quarterback.

According to ESPN, "there would be interest" in obtaining Cutler if he were to be traded. But anyone who wanted the star quarterback on their team would have to shoulder the $ 15.5 million that was guaranteed to Cutler for his playing time in the upcoming season. This, plus another $ 16 million for the 2016 season. These are the terms for anyone up for the Chicago Bears Jay Cutler trade.

Jay Cutler's current contract makes him the seventh highest paid quarterback in the National Football League. He averages $18.1 million every year with his existing contract.

But the quarterback may soon be seeing dips in his contract because of his poor performance this season. Jay Cutler's stats were off to a disappointing start, prompting the Chicago Bears to seriously consider a Jay Cutler trade.

It will be recalled that Jay himself predicted that people were going to question the contract. "Moving forward, there's definitely gonna be people saying that this was the wrong move. That's fine. That's their opinion," Cutler said "The people in this building will stick together, and we'll keep going in the direction that we think is right."

Stay tuned here for more updates on the possible Jay Cutler trade by the Chicago Bears.