The Chicago Sun Times has the crazy details of perhaps the biggest misunderstanding of the 2011 offseason:

I was told this morning that the Bears had informed running back Chester Taylor that he would be released. Later on, his agent Ken Sarnoff posted this on his Twitter account: “Lovie Smith told Chester Taylor this morning that he Is being released.
…
Now, at 1:10 p.m., Sarnoff just wrote: “Here’s a first for me – the Bears just called me and said they have NOT released Chester. “He did talk with Lovie though…misunderstanding?”

Here’s what I think happened — Lovie wanted to cut him as advertised, but the front office refused and said they gave him $7 million in guaranteed money last year, and had to see if they could get some ROI before they cut him. Good luck with all that, Chicago.