Sharks star Evander Kane files for bankruptcy, sued by bank

  • Sharks star Evander Kane files for bankruptcy, sued by bank

Sharks star Evander Kane files for bankruptcy, sued by bank

San Jose Sharks forward Evander Kane has filed for Chapter 7 bankruptcy in the Northern District of California, according to multiple reports. 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 Vancouver native has made a lot of money during his career - $52.9 million in 11 National Hockey League seasons according to CapFriendly.com - and is due to make a lot more.

The Athletic first reported the news on Tuesday, citing the complaint filed in California that listed over $10 million in assets - primarily in real estate - and nearly $27 million in liabilities. Three additional lawsuits relating to Kane from the past year are shown to be concluded, one of which also involved Centennial Bank. The filing also reportedly says that Kane may not play hockey this season, due to health concerns related to the recent birth of his child.

The NHL opt-out deadline for the COVID-19-shortened season, which starts this week, was December 24, and the bankruptcy petition is dated.

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

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

"The Players' Association in particular would play a significant role in any termination conversation, with five seasons and $29 million remaining on Kane's contract", Friedman wrote.

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