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Report: Brandon Lloyd on way to St. Louis

St. Louis Rams v Denver Broncos

DENVER - NOVEMBER 28: Head coach Josh McDaniels of the Denver Broncos celebrates a touchdown by Knowshon Moreno with wide receiver Brandon Lloyd #84 against the St. Louis Rams at INVESCO Field at Mile High on November 28, 2010 in Denver, Colorado. The Rams defeated the Broncos 36-33. (Photo by Justin Edmonds/Getty Images)

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The Broncos got their wish: Brandon Lloyd is headed out of town before the team has to practice Monday.

Jason La Canfora of NFL.com reports Lloyd will be traded to the St. Louis Rams. The Denver Post writes that Lloyd was told to stay home Monday because he was getting dealt.

We’re still waiting to hear on possible compensation. It doesn’t make a lot of sense from the Rams perspective at 0-5 unless they got Lloyd for practically nothing and/or they work out a contract extension for the receiver. Don’t be surprised if the Rams work something out long term.

Of course, G.M. Billy Devaney and coach Steve Spagnuolo may just be worried about winning some games to save their job.

We’ll be curious to see what the Broncos got for Lloyd. It may only be a conditional late-round pick.

Rams offensive coordinator Josh McDaniels coached Lloyd in Denver, and surely pushed for the move. It’s a fine bargain for St. Louis if they are able to get Lloyd locked up. And if McDaniels is actually around to coach Lloyd.

UPDATE: ESPN and the Denver Post both say a deal is not completed just yet.

UPDATE II: Adam Schefter quotes a source claiming there are a “lot of hurdles” left. A contract extension, perhaps?

UPDATE III: The deal is done. The Broncos will get a conditional sixth-round pick that could improve to a fifth-rounder.