from Sportsnet,

Evander Kane and the San Jose Sharks have reached an agreement to settle his contract grievance, the team announced Friday.

“The San Jose Sharks have reached an agreement with Evander Kane regarding the termination of his NHL Standard Player Contract. The agreement has been approved by the NHL and the NHL Players’ Association. We are satisfied that its terms will not adversely impact the team, either financially or competitively, in this or future seasons,” the Sharks' statement read.

The settlement is believed to address the gap between the final three years of Kane's previous contract with the Sharks and the next three years of his current deal with the Edmonton Oilers, Sportsnet's Elliotte Friedman reports — a difference of $2.5 million.

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