San Jose Sharks' forward Evander Kane always seems to find himself in the news for the wrong reasons and he's made headlines once again.
Kane has filed for bankruptcy in San Jose this week.
It seems that Kane has found himself so deep in debt that he might not even play this year.
Here's some excerpts from The Athletic's story.
"The filling detailed liabilities of $26.8 million and assets — largely three homes — of $10.2 million. And the filing included a note that warns he may not even play this year.
“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. “Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary.”
The NHL opt-out deadline for the COVID-19-shortened season, which starts this week, was Dec. 24, and the bankruptcy petition is dated Jan. 9. Kane’s lawyer, Stephen Finestone, did not immediately reply for comment to clarify how Kane, who has been practicing with his team, could still opt out.
The complaint listed nine lawsuits, court actions, and administrative proceedings with lenders, six of which are active. The largest is with Centennial Bank, which filed a lawsuit last week against Kane and the Sharks seeking $8.3 million.
“The Team is complacent in the Borrower’s breach of the Security Agreement, and either refuses or is unwilling to directly deposit the Pledged Payments into the Designated Account as required under the Security Agreement,” Centennial charged in its complaint. The team declined to comment."
One lawsuit provides detail on how Kane lost $1.5million recently gambling and he also settled a lawsuit with The Cosmopolitan in Las Vegas last year for unpaid gambling bills.
You can check out the full Athletic story here:
Sharks’ Evander Kane files for bankruptcy with $26.8 million of debt (@kaplansportsbiz)https://t.co/5W8nye6WB4
— Kevin Kurz (@KKurzNHL) January 12, 2021