NFL

Seahawks LB Mychal Kendricks, Already Having Made $20 Million, Pleaded Guilty to Insider Trading

The Seattle Seahawks opted for continuity when they brought linebacker Mychal Kendricks back into the mix.

On the field, Kendricks is another veteran linebacker who, along with All-Pro standout Bobby Wagner, brings experience to the Seattle Seahawks’ defense.

Off the field, Kendricks’ legacy is forever affected by his role in an insider trading scheme. Despite making over $20 million in his first six seasons, Kendricks found himself in legal trouble for a crime that will soon land him in prison. 

Mychal Kendricks is in his ninth NFL season

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The Philadelphia Eagles got great value when they drafted Mychal Kendricks, the reigning Pac-12 Defensive Player of the Year, from USC in the 2012 NFL draft.

Kendricks started 14 games as a rookie and contributed six tackles for loss, a sack, and broke up eight passes. He started 75 games in his six seasons with the Eagles — he played in 84 total games — and had 14 sacks, six forced fumbles, three interceptions, 40 tackles for loss, and recovered five fumbles.

Kendricks had 16 tackles in the Eagles’ Super Bowl run after the 2017 season. Facing Tom Brady and the Patriots in Super Bowl 52, Kendricks ended his Eagles career with four tackles in the Eagles’ 41-33 victory.

Kendricks pleaded guilty to insider trading

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Originally, Mychal Kendricks signed with the Cleveland Browns in June 2018 after the Eagles cut him a few weeks earlier. 

Kendricks never played for the Browns, however, because the team cut him for his role in an insider trading scheme. 

According to the Philadelphia Inquirer, Kendricks pleaded guilty to “leveraging insider stock tips to fatten his already enviable financial portfolio.” Prosecutors said a former Goldman Sachs analyst gave Kendricks “confidential financial information on four companies” whose stock prices were about to rise. 

According to Spotrac, Kendricks earned over $20 million in his six seasons with the Eagles. He made over $25 million through the 2020 season. 

Kendricks took full accountability when the judge asked him why he pleaded guilty.

“Because I know I was wrong. I know that I made the decision to accept information, secret information, and it wasn’t the right thing to do.”

As of Oct. 25, 2020, Kendricks is scheduled to be sentenced to prison on Jan. 13, 2021. Kendricks faces up to 25 years in prison. 

ESPN reported in September 2018 that Kendricks would likely serve 30-37 months, based on federal guidelines.

Mychal Kendricks is back in Seattle

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Mychal Kendricks doesn’t have to worry about giving up his freedom just yet.

Kendricks recently signed a one-year deal with the Seattle Seahawks, who he played for in 2018 and 2019. The Seahawks have long been open to giving troubled players opportunities, even those facing sentences for white-collar crime.

Kendricks had 90 tackles, 12 TFLs, five sacks, a forced fumble, and an interception across 18 games (17 starts) with the Seahawks over the last two years.

Seattle signed Kendricks to its practice squad, although they can move him between that and the 53-man roster throughout the season.

All contract figures courtesy of Spotrac.