Seattle Seahawks linebacker Mychal Kendricks has been suspended indefinitely by the NFL for insider trading, according to ESPN.
Mychal Kendricks’ run with the Seattle Seahawks might be brief.
The NFL on Tuesday indefinitely suspended the linebacker for violating the league’s personal conduct policy in the wake of his guilty plea to insider trading.
Kendricks signed with the Seahawks on Sept. 14 despite his prior guilty plea eight days earlier. He played in three games, recording 13 tackles and two sacks.
Federal prosecutors said that in 2014, Kendricks made approximately $1.2 million in profit after receiving non-public information from Damilare Sonoiki, who was then an employee at Goldman Sachs. Kendricks played for the Philadelphia Eagles at the time of the alleged illegal tips, for which prosecutors say the linebacker gave $10,000 in cash as well as tickets to games.
After the charges were announced, Kendricks was subsequently released by the Cleveland Browns, whom he signed a one-year deal with in June.
He is scheduled to be sentenced on Jan. 24.
“We had done a lot of homework on it,” Seahawks coach Pete Carroll told reporters after the signing. “It happened four and a half years ago, so it’s a story that’s been worked on for a long time. There’s a lot of good information. We’ve come to learn who he is and what he’s all about and how remorseful he was and how he admitted to his mistake a long time ago.”
Follow Michael Middlehurst-Schwartz on Twitter @MikeMSchwartz.