According to the filing obtained by The Athletic, San Jose Sharks forward Evander Kane filed for Chapter 7 bankruptcy over the weekend.
Kane is nearly $27 million in debt and faces six active lawsuits, court actions and administrative proceedings with lending agencies.
The filing noted that Kane may not play this season “because of health concerns given the recent birth of his first child.” However, the Sharks’ opt out date was Dec. 24, and Kane has been participating in training camp. San Jose would be able to carry over the contract until the next season.
The first game of the year for the Sharks is on Thursday, so presumably, Kane would have to make a decision on his playing future before then.
According to the petition, Kane claims $1.5 million in gambling losses in the past 12 months and says he has seven dependents living with him.
In the filing, Kane’s monthly income is listed at minus-$91,131.13. Back in 2018, the Sharks signed Kane to a seven-year, $49 million contract.