Former Philadelphia Eagles linebacker Mychal Kendricks has become an unlikely headline-grabber of late in the NFL, but for a very corrupt reason. The currently unemployed Kendricks was released by the Cleveland Browns on Wednesday, less than 24 hours after he was charged by federal authorities for his involvement in an alleged insider trading scheme in 2014.
In a statement on Wednesday, the Browns stated that the team knew Kendricks was in a “financial situation,” but were also under the presumption that the player was the victim only to know much later that it was the other way around.
As for the Eagles, John Clark of NBC Sports Philadelphia says that the team knew of the authorities sniffing into Kendricks’ situation, though it was not revealed just how big of an idea the team had about it at that time.
League source tells me Eagles were aware of investigation into Mychal Kendricks before he was released
Look at pic below. I dont think Ive seen a player wear an Apple Watch at practice
Mychal Kendricks had said in the past that he got Google alerts to keep track of the market pic.twitter.com/MURzjN6evs
— John Clark (@JClarkNBCS) August 30, 2018
Kendricks allegedly used illegal information from former Golden Sachs employee Damilare Sonoiki to buy securities of companies that were about to be acquired by the bank.
Mychal Kendricks was cut by the Eagles back in May to clear some cap space, but recent developments also suggest that Philly may have sensed brewing legal trouble for Kendricks that they didn’t want to be part of.
Roughly a couple of weeks later, the Browns signed Kendricks to a one-year, $1.72 million deal.
If proven guilty, Kendricks is reportedly facing 8-12 months of prison time.
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