The case has been resolved, and the consequences are heavy.
Former NFL linebacker Mychal Kendricks faces up to 25 years in prison after pleading guilty to insider trading in federal court on Thursday.
For the former Browns and Eagles linebacker, the news keeps getting worse.
Kendricks admitted in court that he swapped cash and NFL tickets as well as access to secret parties with Damilare Sonoiki, a personal friend with connections on Wall Street, in exchange for market information that was not accessible to the public. This went on for two years, at the end of which Kendricks accumulated an extra $1.2 million in profits.
On the decision to come clean, Hendricks said, "Because I knew I was wrong. I know I made the decision to accept information, secret information, and it wasn't the right thing to do... I'm making the decision because it's the right thing to do."
Kendricks helped the Philadelphia Eagles to a Super Bowl victory last season, whom he had played for since 2012. The 27-year-old linebacker signed with the Cleveland Browns this past offseason, but was released last week after the insider trading charges came about.