Former Philadelphia Eagles linebacker Mychal Kendricks officially plead guilty to Insider's Trading this afternoon and could face up to 25 years in a federal prison. Kendricks played a pivotal role in Philadelphia's Super Bowl run last term. For budgetary reasons however (how ironic) the Eagles decided to prioritize other pending free agents on their roster, so Mychal opted to sign with the Cleveland Browns, who then cut him from their 50-man roster after hearing of his indictment. The Browns were scheduled to pay him $500,000 for his services this season.
"Because I know I was wrong," he said. "I know that I made the decision to accept information, secret information, and it wasn’t the right thing to do," admitted Kendricks after his hearing. “I’m making the decision because it’s the right thing to do." Kendrick made roughly $1.2 million in profits after stuffing the pockets of a former Goldman Sachs' analyst, who stands accused of "playing ball" with the footballer and an unspoken third party.
Kendricks felt the urge to dip into the cookie jar, even though he's believed to have been frugal with his $20 million career earnings. Kendricks' sentencing will take place in December, for which he hopes the judge will treat him with leniency for coming clean right from the start.
