Evander Kane Shockingly Files For Bankruptcy After Racking Up $26.8M of Debt
Evander Kane is just 29-years-old, but is in a financial crisis already.
The San Jose Sharks forward has filed for Chapter 7 bankruptcy, listing assets of about $10 million, mostly in real estate, and liabilities of almost $27 million. As part of the filing, Kane says that he might not even play this season, eliminating his income.
“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,” his bankruptcy petition said. “Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary.”
Kane claims $1.5 million in gambling losses in the past 12 months and says he has seven dependents living with him, according to The Athletic’s Daniel Kaplan.
Per Kaplan, Kane said his monthly income amounts to minus-$91,131.13.
He had 26 goals and 21 assists in 64 games last season and is in the 3rd year of a seven-year, $49 million contract.