Kukla's Korner Hockey

Kukla's Korner Hockey

Jack Johnson Reaches A Settlement With The Bankruptcy Court

11/12/2016 at 8:36am EST

from Aaron Portzline of the Columbus Dispatch,

More than two years after news of his personal financial crisis rocked the hockey world, Columbus Blue Jackets player Jack Johnson has reached a settlement in bankruptcy court with six of his eight creditors.

Johnson, 29, has liquidated two homes — one in Ann Arbor, Michigan, the other in Manhattan Beach, California — as well as a Ferrari valued at $125,000, and he will be, according to one creditor, “the lowest-paid player in the NHL for the next two seasons.”

As part of the agreement, filed by Judge John E. Hoffman Jr. in U.S. Bankruptcy Court in Columbus on Thursday, Johnson will turn over most of his $5 million annual salary from the Blue Jackets both this season and next, keeping only a negotiated sum for “living expenses.”

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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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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