was released by the NFL team Wednesday night https://www.brownsfanshop.com/Bernie-Kosar-Jersey , hours after he was charged by federal prosecutors in Philadelphia with insider trading.Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Eagles, allegedly used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.The 27-year-old issued a statement earlier in the day admitting to his guilt and apologizing. He expressed regret and accepted “full responsibility” for his actions.However, the Browns decided after learning more about the case that they couldn’t go forward with Kendricks, who was going to start for the team. The Browns issued a statement after traveling to Detroit for Thursday night’s exhibition finale against the Lions. Kendricks did not make the trip.“Prior to signing Mychal, we were informed that there was a financial situation that he had been involved with in 2014,” Browns general manager John Dorsey said. “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.”Kendricks is facing possible prison time and further discipline from the NFL for violating its personal conduct policy.NFL spokesman Brian McCarthy said the league is reviewing the situation.Prosecutors allege his co-defendant, Damilare Sonoiki, was paid $10,000 in kickbacks in the scheme from 2014-2015, as well as perks like tickets to Eagles games and tagging along to a music video shoot or nightclub appearances, said U.S. Attorney William McSwain.Sonoiki had been working as a junior analyst at an unnamed investment bank in New York, prosecutors said. An IMDB profile lists him as a former writer on the popular TV series “Black-ish” as well as other movies and TV shows.In a statement released by his lawyer Derrick Kindred Jersey , Kendricks said he was sorry and takes full responsibility for his actions.“While I didn’t fully understand all of the details of the illegal trades, I knew it was wrong, and I wholeheartedly regret my actions,” he said in the statement. He also claimed he didn’t take any of the profits for himself but didn’t elaborate on where the money went. I am committed to repaying all of the funds gained illegally and accept the consequences of my actions.”Kendricks said he has been cooperating with authorities since the investigation began.McSwain along with representatives from the FBI and the Securities Exchange Commission— which filed a separate complaint — said Kendricks and Sonoiki used coded language in messages to try to hide their actions. McSwain said Sonoiki, who had limited trading powers at the time, would gave non-public information to Kendricks about acquisitions and other deals that would affect the price of securities for at least four different companies.Stephanie Avakian, co-director of the U.S. Securities and Exchange Commission’s Division of Enforcement, said in one message when Sonoiki was asking for payment, he told Kendricks that he liked Philadelphia bread used in cheesesteaks more than the bread in New York and asked that Kendricks bring him some.They also had a conversation pretending to be talking about changing the number on Kendricks’ jersey to 80, meant to signify the amount of money that should be deposited into a new trading account, she said.If the men are convicted, they could face up to 25 years in prison and a fine of up to $5.25 million as well as the seizure of any profits made from the insider trading.The Browns signed Kendricks as a free agent, bringing him in to upgrade their linebacker corps following an 0-16 season. Kendricks spent six years with the Eagles, who drafted him in the second round in 2012 after he played at California.The 5-foot-11, 240-pounder recorded a team-high eight tackles in last season’s NFC Championship against Minnesota and had four in Philadelphia’s Super Bowl win. Longtime placekicker and fan favorite will sign one-day contract to retire with his original team." />Skip to main contentclockmenumore-arrownoyesDawgs EDTShare this storyShare this on FacebookShare this on TwitterShareAll sharing optionsShareAll sharing options for:Phil Dawson to retire as a Cleveland BrownTwitterFacebookRedditPocketFlipboardEmailPhil Dawson, who kicked for the Cleveland Browns from 1999 through 2012, will sign a one-day contract so that he can retire as a member of the Browns.Dawson issued a statement via clevelandbrowns.com:The Browns signed Dawson as a free agent when the team returned to the NFL in 1999. He became a fan favorite over the years as he was often the lone bright spot during numerous disappointing seasons.According to the team’s website Myles Garrett Color Rush Jersey , Dawson is second on the franchise list with 1,271 points, and third in games played with 215. He holds franchise records for:most career field goals (305)highest career field goal percentage (84.0)most field goals in a season (30 in 2008)highest field goal percentage in a season (93.5 in 2012)field goals in a game (six on Nov. 5, 2006)most consecutive field goals made (29)most consecutive games with a field goal (23)Dawson is also the only placekicker in franchise history to be selected to the Pro Bowl. (Hall of Famer Lou Groza made the Pro Bowl nine times, but as a tackle, not a placekicker.)A free agent after the 2012 season, Dawson signed with the San Francisco 49ers, where he played until 2016, and then spent the past two seasons with the Arizona Cardinals.All told, Dawson played in 305 career regular-season games, and finishes his career ranked seventh in games played, eighth in field goals made (441), 11th in points scored (1,847) and 16th in field goal percentage (83.8).