(Updates with Hurd released on $100,000 bail in third paragraph.)
Dec. 16 (Bloomberg) -- The Chicago Bears waived wide receiver Sam Hurd a day after he was charged with conspiracy to distribute cocaine in what federal authorities described as a $700,000-a-week drug ring.
Hurd’s release from the National Football League team was confirmed in a telephone interview by Mike Corbo, a club spokesman.
Hurd was freed today on $100,000 bail by U.S. Magistrate Judge Young Kim in Chicago. The receiver, who had been in custody since Dec. 14, appeared in court wearing an orange jumpsuit with his ankles shackled.
Hurd, 26, negotiated with a Homeland Security Investigations agent for the purchase of up to 10 kilograms (22 pounds) of cocaine and 1,000 pounds of marijuana per week, at a price of $25,000 per kilogram of cocaine and $450 per pound of marijuana, according to a court filing yesterday. Those figures mean Hurd would have been willing to pay as much as $700,000 a week for the drugs.
The 26-year-old receiver had been under investigation since July and was arrested outside a Chicago restaurant after accepting a kilogram of cocaine from an undercover agent, according to an affidavit filed with the court by George Ramirez, a special agent for Homeland Security Investigations.
Hurd was charged in a criminal complaint filed yesterday in Dallas with one count of conspiracy to possess with intent to distribute 500 grams or more of a cocaine mixture. If convicted, he faces a minimum of five years and a maximum of 40 years in federal prison.
Hurd told the agent that he already was distributing four kilograms of cocaine weekly and that his supplier couldn’t keep up with the demand from his customers, according to the court document.
--With assistance from Andrew Harris in Chicago. Editors: Larry Siddons, Jay Beberman.
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