Evander Kane files for bankruptcy

San Jose Sharks' Evander Kane

San Jose Sharks' Evander Kane

This is according to a report in The Athletic by Daniel Kaplan, which says the 29-year-old National Hockey League star filed for Chapter 7 in United States federal bankruptcy court.

The 29-year-old Kane signed a seven-year, $49 million deal with the Sharks two years ago.

However, in the face of debts incurred and the legal claims of several creditors, the winger has accepted the legal course of declaring bankruptcy before a federal court. Per capfriendly.com, he's earned $52.9 million in his career.

Kane's filing details liabilities of $26.8 million and assets of $10.2 million, according to The Athletic.

He also had $1.5 million in gambling losses in the past year.

The deadline to opt out was December 24, and Kane has been with the Sharks in training camp.

Messages made from USA TODAY Sports to the Sharks regarding Kane's status for the upcoming season were not immediately returned.

Canada to purchase additional 20 million doses of Pfizer COVID-19 vaccine
Of the more than 35 million doses of COVID-19 that have been delivered nationwide, just under 9 million shots have been administered, NBC News reported .

"Debtor understands that even if all scheduled games are played, his salary will be adjusted based upon the reduced number of games", the filing read.

"Debtor may terminate his contract and he may opt out of the season, as allowed under current rules, because of health concerns given the recent birth of his first child", the bankruptcy petition said.

The NHL's opt-out deadline for players on non-playoff teams like the Sharks was December 24.

Evander Kane has filed for bankruptcy. Elliotte Friedman touched on this in his latest 31 Thoughts column.

Kane, who has 56 goals over the past two seasons with San Jose, was a participant at San Jose's Tuesday practice.

"I don't think we're anxious about a distraction", Boughner told reporters, according to Dalton Johnson of NBC Sports.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.