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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