Speculation: Evander Kane Megathread - Under termination appeal, NHL investigation, & looking for a new contract

[DudeWhereIsMakar]

Was there even any red flags around Leipsic?
Because... Well, there's about 1490837 red flags around Kane.

Not publicly before the DM leak.

But it is worth mentioning it was his sixth NHL organization in five seasons.

 

[inthe6ix]

Gotta love how the "insiders" were so certain that this would all be wrapped up weeks ago.

this

tim peel, where ya at? lol

 

[Lt Dan]

I have been super out of the loop and don't feel like reading the entire thread.

Other than E. Kane being terminated and supposedly having suitors waiting in the wings, what (if anything) has really happened?
TYIA

 

[GOilers88]

I have been super out of the loop and don't feel like reading the entire thread.

Other than E. Kane being terminated and supposedly having suitors waiting in the wings, what (if anything) has really happened?
TYIA

NHL decided to do an investigation only after he was.close to signing with another team and not in the weeks prior, and now weeks later they're admittedly dragging their own feet on a decision because it seems likely they want him out of the league.

 

[uncleben]

NHL decided to do an investigation only after he was.close to signing with another team and not in the weeks prior, and now weeks later they're admittedly dragging their own feet on a decision because it seems likely they want him out of the league.

Just a little bit of a dramatization of events...

Kane was terminated on January 9th... By January 12th, three days later, reports had begun that the NHL was investigating Kane's COVID violations - which was also less than a day after insiders (and Tim Peel) started making connections between Kane and specific teams and his own agent finally spoke up about working on deals.

Furthermore, the last big profile termination appeal/investigation to take place - Mike Richards - took two months to reach a resolution, August 10 to October 9.
The last two Evander Kane investigations were resolved on similar timelines (Gambling, July-September; Domestic Abuse, September-October).


Don't be shocked if the investigation, especially if they are working with federal authorities, takes longer than the less than two weeks it already has.

 

[Yukon Joe]

Depends which creditor. The bank that he owes money can only touch the $$ out what ever is the end result of the appeal over the termination of the contract not the new contract he gets with a future team unless the bankruptcy court allows it.

Not exactly.

The bank is a secured creditor on Kane's Sharks contract - it gets first dibs on that money.

The bankis an unsecured creditor on any new contract - they have equal standing with anyone else that Kane owes money to. But they can still go and attempt to garnishee Kane's salary just like any other unsecured creditor.

 

[Pinkfloyd]

Not exactly.

The bank is a secured creditor on Kane's Sharks contract - it gets first dibs on that money.

The bankis an unsecured creditor on any new contract - they have equal standing with anyone else that Kane owes money to. But they can still go and attempt to garnishee Kane's salary just like any other unsecured creditor.

Did they actually give a ruling on that for any new contracts?

 

[Yukon Joe]

Did they actually give a ruling on that for any new contracts?

I'm just applying really basic debtor/creditor law. Maybe the bank can have itself held to be a secured creditor for any new contract signed by Kane, but even if not it doesn't make Kane judgment-proof.

 

[Pinkfloyd]

I'm just applying really basic debtor/creditor law. Maybe the bank can have itself held to be a secured creditor for any new contract signed by Kane, but even if not it doesn't make Kane judgment-proof.

I'm just wondering because there was talk that if the judge ruled a certain way, they couldn't go after the future contracts signed because the contract with the Sharks was what the debt was up against if I'm not mistaken. If it was the case that they couldn't or at the very least see a lot less of it and he'd see more of future contracts, it would give him motivation to get that Sharks contract terminated.

 

[pappaf2]

If the debt is tied to the sharks contract could the creditors be attempting to apply some pressure to the nhl to not allow the contract to be terminated?

 

[gstommylee]

If the debt is tied to the sharks contract could the creditors be attempting to apply some pressure to the nhl to not allow the contract to be terminated?

NHL is already is fine with the termination of the contract. As concern with the debt that kane's problem not the NHL.

 

[gstommylee]

I'm just wondering because there was talk that if the judge ruled a certain way, they couldn't go after the future contracts signed because the contract with the Sharks was what the debt was up against if I'm not mistaken. If it was the case that they couldn't or at the very least see a lot less of it and he'd see more of future contracts, it would give him motivation to get that Sharks contract terminated.

The bank creditor could argue that kane's actions is what got the contract terminated thus kane still liable to have wages garnished to pay back the bank. Up to judge to decide on that matter.

 

[Zerotonine]

It’s the casinos, the assaults, the breaking of Covid protocols, being a shitty teammate, point being, a lot more than just the casinos

I get it, I'm saying I grew up in the hockey world. Most guys aren't much different from Kane. They all have skeletons on there closet. I know what we were doing back in the day, couldn't imagine having millions of dollars on top of it. That could get ugly really quick

 

[inthe6ix]

 

[Helistin]

I have been super out of the loop and don't feel like reading the entire thread.

Other than E. Kane being terminated and supposedly having suitors waiting in the wings, what (if anything) has really happened?
TYIA

That's news to me. I only thought his contract was terminated.

 

[MMC]

 

[BatVader]

Condolences to Oilers fans

 

[Yukon Joe]

I'm just wondering because there was talk that if the judge ruled a certain way, they couldn't go after the future contracts signed because the contract with the Sharks was what the debt was up against if I'm not mistaken. If it was the case that they couldn't or at the very least see a lot less of it and he'd see more of future contracts, it would give him motivation to get that Sharks contract terminated.

Don't get me wrong - the bank would much rather be a secured creditor than an unsecured creditor. Like I said being a secured creditor under the Sharks contract gives them first priority on that money, as opposed to being one of many creditors. But just because the Sharks contract is terminated, and the bank's rights under the debt agreement are also terminated, doesn't mean the bank has to just east the loss completely - they still have ways of going after Kane.

 

[Pucklington]

Condolences to Oilers fans

We've been dead inside for the last 16 years... honestly this is just a Wednesday for us.

 

[GAGLine]

I wonder who the other team is.

 

[BatVader]

I wonder who the other team is.

Washington

 

[Coachcorner]

W

I wonder who the other team is.

Well, this is the "midweek". Wonder what's taking so long... this time sire.

 

[YMCMBYOLO]

Can the NHL just shit or get off the damned pot already?

It’s due diligence. What’s the issue?

 

[inthe6ix]

 

[Bryanbryoil]

I can't wait to hopefully get him into the lineup.