Sharks' Evander Kane, almost $27 million in debt, files for bankruptcy

Ross Houston
January 14, 2021

The San Jose Sharks forward has filed for Chapter 7 bankruptcy, listing assets of about $10 million, mostly in real estate, and liabilities of nearly $27 million. The winger signed a seven-year contract worth $49 million back in 2018. As part of the filing, Kane says that he might not even play this season, eliminating his income. However, the Sharks' opt out date was December 24, and Kane has been participating in training camp. Over the last two seasons, he has scored 103 points - 56 goals and 47 assists - in a 139-game span.

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The Vancouver native has made a lot of money during his career - $52.9 million in 11 National Hockey League seasons according to - and is due to make a lot more.

On the filing, Kane listed liabilities at $26.8 million with assets of $10.2 million. While The Athletic notes that the sources of Kane's losses are not clear, the petition indicates that he has lost $1.5 million in gambling over the past year.

Kane and The Cosmopolitan settled a lawsuit in April of past year after the Las Vegas casino alleged he failed to pay back $500,000 in gambling markers, according to a report by Mick Akers in the Las Vegas Review Journal.

The 29-year-old Kane did not opt out ahead of the NHL's Christmas Eve deadline.

In the filing, Kane said that a shortened 56-game season would make paying off his debts hard. That petition also gave Sharks fans reason for concern regarding Kane's status for the upcoming 56-game season.

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