San Jose Sharks striker Evander Kane filed for bankruptcy, according to several reports, two years after signing a $ 49 million seven-year contract.
According to Atlético, the 29-year-old Chapter 7 lawsuit lists liabilities of $ 26.8 million. He also lists the $ 1.5 million payment to The Cosmopolitan of Las Vegas for unpaid gambling debts and a $ 1.88 million counterfeit battery charge in 2016. He further claims that seven dependents live with him : his 6-month-old daughter, 27-year-old sister, his mother, father, two uncles and his grandmother.
The suit also noted that Kane may choose to leave the NHL season “because of ill health, due to the recent birth of his first child”. If he does, he will not be paid – although he has pointed out the reduction of the 56-game season as a potential problem to pay off his debts as well.
“The debtor understands that even if all scheduled matches are played, his salary will be adjusted based on the reduced number of matches,” says the process. “To the extent that some of the games do not take place because of the pandemic (or any other reason), the debtor’s salary will be further reduced. In addition, the Debtor understands that, under the current collective bargaining agreement between the players’ union and the owners, 20% of their wages will be withheld and released to the owners under the agreement’s’ profit sharing ‘structure due to the significant anticipated reduction in revenues across the league. “
In total, Kane mentioned 47 creditors in the petition, including Centennial Bank, which filed a lawsuit against the winger and the Sharks for $ 8.3 million last week, according to San Jose Hockey Now.
Kane has played for three NHL franchises over his 11 seasons in the league. He was the fourth overall choice for the Atlanta Thrashers in 2009 and moved with the team to Winnipeg. He was traded to Buffalo Sabers in 2015 and traded to Sharks in 2018. By capfriendly.com, he has earned $ 52.9 million in his career.