[over the mountain]

Options are:

-I would not be willing to use the 37th overall pick on Jimmy Clausen
-I would be willing to spend the 37th overall pick on Clausen, but not trade up for him
-I would be willing to trade our fourth round pick to move up 2-6 spots and ensure that we get him, even if it looks like we can get him at 37.
-I would be willing to trade up about 10 picks into the back end of the first round (ahead of, say, Arizona), at the cost of the 2011 2nd rounder.
-If Jimmy Clausen is available after the 16th pick in the first round, we should trade our 2011 first rounder to ensure we get him.

Note: in all situations, you would be using the second round pick in part of the trade/selection process.

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Honestly, this all depends on what our draft grade of him is. The higher I have him graded, the more willing id be to move into a position to draft him. If i had him as a top 5 pick, id just pick him with the 4th overall.

I guess (if i had to under the parameters you laid out) id:

1) of course draft him at 37
2) if i had him as a top 10 grade; id also be willing to part with the 37th and next years 2nd rounder.
3) if i was convinced he is going to be the best qb prospect in this years and next years draft; id trade the 37th and next years first to land him.