Evander Kane Files For Bankruptcy, May Not Play This Season

Paola Ditto
Gennaio 14, 2021

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. Most recently he signed a seven-year, $49 million contract with the Sharks in 2018.

Kane, now with the San Jose Sharks, has somehow incurred debts of $26.8 million, according to a story from The Athletic.

The 29-year-old lists assets of about $10 million, mostly in real estate, and liabilities of nearly $27 million. It's unclear from the filing where the debt stems from but in the filing Kane listed nine lawsuits and 47 creditors and claims that he has seven dependents.

According to Centennial Bank's official complaint, Kane owes them $8.36 million.

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"A typical season includes 82 regular season games". "To the extent some of the games do not go forward because of the pandemic (or any other reason), Debtor's salary will be further reduced".

"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", his bankruptcy petition said. Kane has been practicing with the Sharks, who are scheduled to play their first game of the season on Thursday.

No, Sharks forward Evander Kane will not sit out the 2021 National Hockey League season. Elliotte Friedman touched on this in his latest 31 Thoughts column.

"I don't think we're anxious about a distraction", Sharks head coach Bob Boughner told reporters Tuesday. "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 that he's on board".

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