Sharks’ Evander Kane Filed For Bankruptcy With $26 Million In Debt, Could Sit Out This Season

San Jose Sharks forward Evander Kane filed for bankruptcy as he is drowning in $26.8 million of debt. Kane filed for Chapter 7 bankruptcy in California, including $10.22 million in assets, including three homes.

In 2018, Kane signed a seven-year, $49 million extension to stay with the San Jose Sharks. He has earned $52.9 million in salary over 11 years playing for the NHL. Over the course of his career, Kane has played with the Winnipeg Jets and Buffalo Sabres in addition to his tenure with the Sharks.

Recently, Centennial Bank filed an $8.3 million lawsuit in Florida federal court against both Kane, and the San Jose Sharks.

According to this filing, there is a chance that Kane does not play in the upcoming NHL season. However, he has been spotted at training camp and has not made any public comments about not playing this season. Additionally, the Sharks have not made any comments about Kane missing the season either.

The NHL opt-out deadline for the COVID-19 abbreviated season which begins within a week was Dec. 24, and the bankruptcy petition is dated Jan. 9.

The bankruptcy petition said, “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. Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary.”

Kaplan notes that there are seven dependents living with Kane. These dependents include his six-month-old daughter, his sister, who is 27 years old, his two uncles, who are 54 and 59, his mother who is 55, his father who is 60 and his grandmother, who is 77.