Yesterday, news broke stating Mychal Kendricks of the Cleveland Browns had been charged with insider trade. With the latest development, the Browns elected to release Kendricks from his one-year deal.
While Wednesday may have been the first time fans learned of Kendricks’ previous money circumstance, it isn’t for the Browns.
General Manager, John Dorsey released the following statement on the matter:
“Prior to signing Mychal, we were informed that there was a financial situation that he had been involved with in 2014. We were told Mychal had fully cooperated with investigators as a victim. From what was communicated at that time and based on the numerous questions we asked and further due diligence on our part, including checking with the league office, there was no information discovered that conveyed otherwise.
Recently, we were provided an update on the matter and the circumstances have changed. We are now dealing with a different set of facts and the additional information we’ve gathered has led us to the decision to release Mychal from our team. Due to the ongoing legal nature of this situation, we will have no further comments.”
