The San Jose Sharks are ready to play their NHL season opener on Thursday, but it remains unclear whether star force Evander Kane will join the team after several reports revealed he filed for Chapter 7 bankruptcy with 26.8 million dollars in debt earlier this month.
Athletic first reported the news Tuesday, citing a lawsuit filed in California that listed assets of more than $ 10 million – primarily in real estate – and nearly $ 27 million in liabilities.
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The complaint notes that Kane may opt out of the season despite missing the league deadline in December due to health concerns and eliminates his income.
“The debtor may terminate his contract and he may opt out of the season, as permitted by current rules, due to health concerns given the recent birth of his first child,”
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Kane, 29, has reportedly earned $ 52.9 million through his 11-year career. Most recently, he signed a seven-year $ 49 million contract with the sharks in 2018. It is unclear from filing where the debt originated, but in filing, Kane listed nine lawsuits and 47 creditors, claiming he has seven relatives.
He also had $ 1.5 million in game losses last year.
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Kane previously played for the Winnipeg Jets and Buffalo Sabers before joining the Sharks. At 6-foot-2, 210 pounds, Kane has led the NHL in penalty minutes the last two seasons.