San Jose Sharks' Evander Kane files for bankruptcy, might not play

Sharks’ Evander Kane files for bankruptcy with $26.8 million of debt

This is according to a report in The Athletic by Daniel Kaplan, which says the 29-year-old National Hockey League star filed for Chapter 7 in USA federal bankruptcy court. Most recently he signed a seven-year, $49 million contract with the Sharks in 2018.

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.

Kane's career earnings to date, according to CapFriendly, are $52,956,097.

Kane reportedly filed for Chapter 7 bankruptcy Saturday, citing debts of almost $27 million and assets of $10.2 million. It also lists payment of $1.5 million to The Cosmopolitan of Las Vegas for unpaid gambling debt and a $1.88 million counterclaim of a 2016 battery charge.

"A typical season includes 82 regular season games".

The filing also included the possibility that Kane may not even play in the upcoming 2020-21 season, though he has been at Sharks camp practicing with the team. "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.

© Perry Nelson, USA TODAY Sports Sharks forward Evander Kane had 47 points last season.

"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 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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