Would you agree that the Broncos wasted money on Jay Cutler?

This isn't a shot at Bronco fans because I don't like to talk too much trash about other teams (until football season). But from what I read, Cutler was signed to a 6 year $48 million dollar deal (in 2006) including $11 million in bonuses. Cutler was later traded to the Bears. Looking at his statistics as a Bronco he threw 63 interceptions in 4 seasons. My question is, do you think the Broncos wasted their money on Cutler? Really, he was traded away and obviously the team felt he wasn't worth it, but I want to hear from football fans.