Reports - San Jose Sharks' Evander Kane files for bankruptcy, might not play
14 January, 2021, 16:00
San Jose Sharks head coach Bob Boughner said Tuesday that Evander Kane will play the 2020-21 season following a report that Kane was considering skipping the campaign due to a bankruptcy filing and the birth of his child amid the COVID-19 pandemic.
Kane is in the third year of a seven-year, $49 million contract.
However, in the face of debts incurred and the legal claims of several creditors, the winger has accepted the legal course of declaring bankruptcy before a federal court.
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. "The current season has 56 games scheduled and Debtor (Kane) understands that even if all scheduled games are played, his salary will be adjusted based upon the reduced number of games", the attachment stated.
Kane's filing details liabilities of $26.8 million and assets of $10.2 million, according to The Athletic. The 29-year-old Vancouver native listed seven individuals as dependents living with him, all of whom are relatives.
7 more COVID deaths added to county toll On Monday, Interior Health also announced an additional 19 COVID-19 cases related to the ongoing cluster at Big White Mountain . Health Minister Christine Elliott says there are 738 new cases in Toronto, 536 in Peel Region, and 245 in Windsor-Essex County .
He also had $1.5 million in gambling losses in the past year.
According to Centennial Bank's official complaint, Kane owes them $8.36 million.
Below is a question for each Sharks player expected to be in the mix at the start of the season that should be answered as the months progress.
A star forward in the National Hockey League filed for bankruptcy earlier this week and gambling debts were a contributor to his recent financial problems.
"I don't think we're anxious about a distraction", coach Bob Boughner said Tuesday to reporters. "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".