The San Jose Sharks are scheduled to start their NHL season opener on Thursday, but it is not clear whether star forward Evander Kane will join the team after reports that he filed for Chapter 7 bankruptcy earlier this month. The debt is 26.8 million US dollars.
The Athletics first reported the news on Tuesday, citing a complaint filed in California, listing more than $10 million in assets-mainly real estate-and liabilities of nearly $27 million.
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The complaint pointed out that although Kane missed the league’s December deadline due to health considerations, he may still opt out of the season, which eliminated his income.
The petition states: “The debtor can terminate his contract, and due to the recent birth of the current first child, for health reasons, he can withdraw from the season under the current rules.”
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According to reports, the 29-year-old Kane earned $52.9 million in his 11-year career. Recently, he signed a seven-year, $49 million contract with the Sharks in 2018. It is not clear from the filing documents where the debts came from, but in the filing documents, Kane listed 9 lawsuits and 47 creditors, and claimed that he had 7 family members.
In the past year, he also had $1.5 million in gambling losses.
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Kane played for the Winnipeg Jets and Buffalo Sabres before joining the Sharks. In the past two seasons, Kane is 6 feet 2 feet 210 pounds and leads the NHL in penalty points.