Sharks’ Evander Kane files for bankruptcy with $ 26.8 million in debt

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The San Jose Sharks are set to play their season opener in the NHL on Thursday, but it is still unclear whether star forward Evander Kane will join the team after multiple reports revealed he filed for bankruptcy. Chapter 7 with $ 26.8 million in debt earlier this month.

Athletic first reported the news on Tuesday, citing the lawsuit filed in California, which listed more than $ 10 million in assets – mostly in real estate – and nearly $ 27 million in liabilities.

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The complaint notes that Kane could withdraw from the season, despite failing to meet the league’s December deadline, due to health issues, wiping out his earnings.

“The debtor can terminate his contract and he can withdraw from the season, as the current rules allow, due to health problems given the recent birth of his first child,” says the petition. “If he terminates his contract or withdraws at some point in the season, the debtor will not receive his salary. ”

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Kane, 29, is said to have earned $ 52.9 million over his 11-year career. Most recently, he signed a seven-year, $ 49 million contract with the Sharks in 2018. The file does not specify where the debt came from, but in the file, Kane listed nine lawsuits and 47 creditors and claims to have seven dependents.

He has also had $ 1.5 million in gambling losses in the past year.

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Kane previously played for the Winnipeg Jets and Buffalo Sabers before joining the Sharks. At 6-2, 210 pounds, Kane has led the NHL in penalty minutes the past two seasons.

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