Mychal Kendricks sentenced to one day in jail, three years’ probation in insider trading case

Mychal Kendricks sentenced to one day in jail three years

Free-agent linebacker Mychal Kendricks was sentenced Thursday to one day in jail, three years of probation and 300 hours of community service as a result of his 2018 guilty plea to insider trading charges.

The sentence, handed down by Judge Gene Pratter in the United States District Court’s Eastern District of Pennsylvania, came after numerous postponements.

Kendricks’ agent, Doug Hendrickson, told ESPN that the linebacker is serving his one-day jail sentence Thursday. Hendrickson said that not knowing what kind of sentence to expect made it a “very emotional day” for Kendricks.

“Clearly, Mychal is very happy with the outcome and he’s ready to continue playing football for someone,” Hendrickson said.

According to the Securities and Exchange Commission complaint, a Goldman Sachs investment banking analyst named Damilare Sonoiki illegally fed Kendricks information in 2014 about corporate acquisitions that his bank was advising before those deals were publicly announced. The complaint alleges that those tips helped Kendricks make about $1.2 million in illegal profits by purchasing securities in four companies that were about to be acquired.

Kendricks apologized in a statement after the charges were announced in August of 2018, saying that while he didn’t fully understand the details of the illegal trades, he knew it was wrong and that he “wholeheartedly” regretted his actions. He pleaded guilty to one count of securities fraud and one count of conspiracy to commit securities fraud.

Sonoiki pleaded guilty to securities fraud in September 2018.

The 30-year-old Kendricks was a member of the Philadelphia Eagles at the time of the illegal trades, having been drafted by the team in the second round in 2012. He was released in May of 2018, signed a one-year deal with the Cleveland Browns the next month and was released by Cleveland after his charges were announced in August.

The Seattle Seahawks signed Kendricks in September of 2018, one week after his guilty plea. He served an eight-game suspension later that season for a violation of the NFL’s personal-conduct policy, which stemmed from his insider trading case.

Kendricks made 17 starts over two seasons with the Seahawks, finishing each season on injured reserve. He was signed to Seattle’s practice squad last October then finished the year on the Washington Football Team’s active roster.

One source familiar with the situation told ESPN in 2018 that Kendricks could be facing 30 to 37 months in prison — as had been reported — based on federal guidelines and the amount of money involved in his case.

Hendrickson said Kendricks’ supporters throughout the NFL wrote letters to the court vouching for him.

“I think there was over 150 letters of support ranging from — I won’t name names — but head coaches in the NFL to general managers to the league office, the union, players on down to high school coaches and so forth and so on,” he said. “So everybody was really supportive and behind him in terms of that. I’d like to think hopefully that went into part of the decision for people to understand who Mychal is.

“Certainly he screwed up and made a bad decision and he owned up to it, and now that chapter is over and now he’s free to keep playing. He’s got a lot of football left in him.”

It’s not clear why Kendricks’ sentencing date was continually pushed back. Those can be changed at the request of the defense, the U.S. attorney or the court. The expectation for several months has been that Kendricks would finally be sentenced in July.

Hendrickson said teams interested in Kendricks have been waiting on his sentencing to proceed.

“He’s serving one day in jail, which is as we speak,” Hendrickson said. “So as of tomorrow he’s legitimately free to sign with any team. There’s no restrictions. There’s no pending possible dates in the future. As you know, he’s already been suspended by the league in the past.”

Over nine seasons and 104 career games, Kendricks has 548 tackles, 19 sacks and four interceptions.

ESPN’s Tim McManus and The Associated Press contributed to this report.

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