Evander Kane files for bankruptcy with $26.8 million of debt

Evander Kane files for bankruptcy with $26.8 million of debt”

In one of the more shocking developments in American sports, Evander Kane of the San Jose Sharks has officially filed for bankruptcy, despite being now employed on a 49-million-dollar contract in the National Hockey League. The winger signed a seven-year contract worth $49 million back in 2018.

According to the filing obtained by The Athletic, Kane is almost $27 million in debt and faces six active lawsuits, court actions and administrative proceedings with lending agencies.

Kane's career earnings to date, according to CapFriendly, are $52,956,097.

Kane's filing includes $10.2 million in assets.

The NHL opt-out deadline for the COVID-19-shortened season, which starts this week, was December 24, and the bankruptcy petition is dated. Neither Kane, nor his camp, has spoken publicly about possibly opting out of the season.

More news: England opens mass vaccination sites as virus spike fears spread

Kane and The Cosmopolitan settled a lawsuit in April of a year ago after the Las Vegas casino alleged he failed to pay back $500,000 in gambling markers, according to a report by Mick Akers in the Las Vegas Review Journal. The filing claimed Kane is allowed to terminate his National Hockey League contract and opt out of the season without pay.

"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.

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

© Perry Nelson, USA TODAY Sports Sharks forward Evander Kane had 47 points last season. Elliotte Friedman touched on this in his latest 31 Thoughts column. "Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary".

"I don't think we're anxious about a distraction", Boughner told reporters, according to Dalton Johnson of NBC Sports. "I won't make a comment on any player's personal situation, but I am assured that he will be here for the whole season, and he's on board".

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