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.

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