The Latest: Browns release Kendricks after trading charges

              FILE - In this July 26, 2018, file photo, Cleveland Browns' Mychal Kendricks is shown during an NFL football training camp in Berea, Ohio. Federal prosecutors in Philadelphia say Cleveland Browns linebacker Mychal Kendricks used insider trading tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals. Kendricks says in a statement released by his lawyer Wednesday, Aug. 29, 2018, that he’s sorry and “deeply” regrets his actions.(AP Photo/Tony Dejak, File)

PHILADELPHIA (AP) — The Latest on Mychal Kendricks, the NFL linebacker charged with insider trading Wednesday and later released by the Cleveland Browns (all times local):

8:40 p.m.

Cleveland Browns linebacker Mychal Kendricks was released by the team Wednesday night, hours after being charged by federal prosecutors with insider trading.

Kendricks signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Philadelphia Eagles.

Earlier, U.S. Attorney William M. McSwain said Kendricks made approximately $1.2 million profit off illegal, nonpublic information in four separate major deals. Kendricks issued a statement admitting his guilt and apologizing. He expressed regret and accepted “full responsibility” for his actions.

Kendricks did not travel with the Browns for their Thursday night exhibition finale in Detroit, and the team decided to part ways with the 27-year-old after arriving in Michigan.

Kendricks is facing possible prison time and further discipline from the NFL for violating its personal conduct policy.

— Tom Withers reporting from Cleveland.