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Evander Kane Has Filed For Bankruptcy

from Daniel Kaplan of The Athletic,

The lengthy list of athletes who squandered millions of dollars only to file for bankruptcy has a new member, San Jose Sharks left winger Evander Kane. Despite signing a seven-year, $49 million contract extension in 2018, Kane filed for Chapter 7 in the federal bankruptcy court in the California city of his team.

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.

continued ($$$)

Filed in: NHL Teams, San Jose Sharks, | KK Hockey | Permalink
  Tags: evander+kane

Comments

TreKronor's avatar

Maybe if he does more pushups and posts about it on Instagram he’ll get through this???  https://globalnews.ca/news/1703652/evander-kane-instagram-pic-sparks-instant-response-kaning-meme/

“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.”

Maybe it’s a bit old school, but when my dad had just had me there’s no way in heck he would choose not to work to support his family while instead filing for bankruptcy.  Then again, my dad isn’t the type of person to post photos on Instagram with wads of cash so what do I know…

Posted by TreKronor on 01/12/21 at 09:13 AM ET

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Paying bills is apparently racist.

Posted by wonderwings on 01/12/21 at 11:41 AM ET

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Hahahahaha-  where are his stacks of cash on his back while doing push ups now!  His ego is ridiculous and this is awesome.  You seriously have to try to be that dumb with money.

Posted by SevensForTed on 01/12/21 at 02:00 PM ET

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Paying bills is apparently racist.

Posted by wonderwings on 01/12/21 at 11:41 AM ET

Yeah, why did Evander Kane have to bring race into this?

Posted by PresidentJoeByzerman on 01/12/21 at 02:10 PM ET

bigfrog's avatar

Just another example of someone who cannot handle money. Plenty people out there like that unfortunately. sick

Posted by bigfrog on 01/12/21 at 04:13 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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