Evander Kane

[Mafoofoo]

The main boards are like a god damn plague. If they don’t like you (or even if they do), any small mistake will be amplified. It’s sad really. We put these athletes on such a high pedestal and then are so prepared to kick them as soon as they’re down.

and then you have the Jets board celebrating this in dedicated thread.

 

[weastern bias]

and then you have the Jets board celebrating this in dedicated thread.

Their fixation on a player that hasn't played for them in 6 years is so confusing, especially considering they've experienced the most successful period in their franchise's history since he left

 

[The Nemesis]

how much do players give to the NHLPA for union dues?

i feel like that fee should include access to financial advisors

There almost certainly is. But the player has to want it. Donald Fehr isn't banging on every player's door demanding that they hire a financial advisor before he lets them out to play. He can't. I imagine the discussion is that at some point during a PA meeting or in a PA email there's probably a reminder that the union offers assistance to any players who want help handling their finances, but if Kane says "nah, I'm good." that's the end of it.

 

[hohosaregood]

Their fixation on a player that hasn't played for them in 6 years is so confusing, especially considering they've experienced the most successful period in their franchise's history since he left

It's like the Blues fans claiming that Jumbo is one of the all time dirtiest players to play the game because of Perron skating into a shoulder.

 

[LadyStanley]

Too many issues WRT lawsuits to make any public statements. My guess is going forward he'll refuse to answer any such questions (until there is resolution).

 

[Lebanezer]

and then you have the Jets board celebrating this in dedicated thread.

They have internet?

 

[Fistfullofbeer]

They have internet?

They had a pigeon fly from Ontario.

 

[FunkyPhin]

I don't believe that's the way bankruptcy works.
From my understanding, the judge looks at your debt, assets, and income to determine an amount you have to pay back and how much of your income you can keep. They don't take it all. They'll probably make him sell his extra houses, extra cars, etc and then garnish his wages as much as possible with him still keeping enough to live, and since he's claiming so many dependents and has to maintain a residence in SJ for his job, agent fees, NHLPA dues, the NHL withholding, tax rate, etc, he'll probably get to keep a good amount to the average person every year for the next 3-5 years and after that "be paid off" on the debt.

My knowledge in bankruptcy is limited, but is this under the assumption that the judge ends up reducing the debt amount? As is, the $26 million seems pretty insurmountable, given what is left on his contract and assets. How I read it is that he own 3 houses that total 10.6 million, not 3 houses at 10.6 million each. So even if he does sell 2 of them, thats still quite a bit left that he needs to pay back, and even if his income was garnished at 100% it may not cut it.


I'd be curious to see how sympathetic a judge would be with regards to a pro athlete making 7 million a year racking up a $26 million debt, that he can't pay.

 

[OrrNumber4]

Say this about Kane, he hasn’t let his off-I’ve problems impact his on ice performance

We don't know this. Maybe without this, he's even more productive. Maybe this explains why he was so terrible against Vegas in the playoffs.

 

[matt trick]

We don't know this. Maybe without this, he's even more productive. Maybe this explains why he was so terrible against Vegas in the playoffs.

I tend to not hold any one series against a player, though I was certainly skeptical if Kane had been out partying in Vegas. Okay, aside from Pavelski against Pittsburgh, what the hell....

You may very well be right, to restate my comment. Despite clear off-ice difficult, Kane has produced as a 1st line forward. That said, having a $28M debt may be very different than the Cosmo issue last year.

 

[TheWayToRefJose]

My knowledge in bankruptcy is limited, but is this under the assumption that the judge ends up reducing the debt amount? As is, the $26 million seems pretty insurmountable, given what is left on his contract and assets. How I read it is that he own 3 houses that total 10.6 million, not 3 houses at 10.6 million each. So even if he does sell 2 of them, thats still quite a bit left that he needs to pay back, and even if his income was garnished at 100% it may not cut it.


I'd be curious to see how sympathetic a judge would be with regards to a pro athlete making 7 million a year racking up a $26 million debt, that he can't pay.

Yes, he won't be paying back the full 26 million unless the judge deems he has the financial means to, which doesn't sound like he does. He's filing chapter 7, so he'll probably just be made to sell his valuable assets with the proceeds going to the people he owes. He'll probably have to repay a small portion of what's leftover after selling his assets since he is still rich, and even rich people in debt usually still have very good lawyers, or at least good CPAs that can help move things around to where "they aren't yours" for purposes like this.

 

[Quid Pro Clowe]

Plenty of ways to use bankruptcy to keep yourself afloat, just ask ‘50 and Trump.

 

[Beethovens 10th]

There are more than 27 MILLION people ahead of Kane in my “sincere and deep compassion for crushing financial woes” consideration cohort right now. I have only one f*** to spare sir; it’s not much, but I made it myself.

 

[JoeThorntonsRooster]

I just wanted to add part of the article here.



It seems strange to me as well. To mention something like this in the filing when you have been actively practicing with the team. I have backed him time and again for his off-ice concerns but its come to the point where it may be better for the Sharks to get rid of him.

I honestly had not thought about it this way. But it is really not cool for him to his teammates to be putting out there. That must seriously hurt things in the dressing room and we already know things are problematic in there.

 

[OrrNumber4]

Doesn't this make Kane a liability in terms of mixing his job with gambling?

 

[tiburon12]

I honestly had not thought about it this way. But it is really not cool for him to his teammates to be putting out there. That must seriously hurt things in the dressing room and we already know things are problematic in there.

i wonder if that is a real option he is considering, or if that kind of language needed to appear in the filing and a reporter extracted that to bolster their article.

i really, really hope its the latter

 

[Juxtaposer]

I always found it odd the vitriol people have towards people who make really bad financial decisions but are incredibly supportive of those with substance abuse problems.

I think it’s because with substance abuse, a person’s body is literally physically dependent on the substance. They can’t just quit point blank, just like that, without severe physical health consequences, whereas I don’t think anyone has ever died from going cold turkey off gambling. With drugs and alcohol, detoxing is a long, painful process. Even if you wholeheartedly want to quit, you can’t just do it easily. With gambling, it’s as simple as willpower. I know it isn’t true, but on some level it feels like anyone who can’t quit gambling simply doesn’t have the will to do it.

That said, addiction in any form is terrible, I respect he has a problem, and I do genuinely hope he gets help and gets his life together. But given certain things he has done in his past, I’m finding it hard to dredge up sympathy for him.

 

[tiburon12]

I think it’s because with substance abuse, a person’s body is literally physically dependent on the substance. They can’t just quit point blank, just like that, without severe physical health consequences, whereas I don’t think anyone has ever died from going cold turkey off gambling. With drugs and alcohol, detoxing is a long, painful process. Even if you wholeheartedly want to quit, you can’t just do it easily. With gambling, it’s as simple as willpower. I know it isn’t true, but on some level it feels like anyone who can’t quit gambling simply doesn’t have the will to do it.

That said, addiction in any form is terrible, I respect he has a problem, and I do genuinely hope he gets help and gets his life together. But given certain things he has done in his past, I’m finding it hard to dredge up sympathy for him.

Kane is a guy who so clearly hates to lose face that it would be a huge deal if he admits he has a problem. While substance abuse and other forms of addiction are not wholly congruous, the first step to recovery in all those illnesses is admitting there is a problem. Since he is an asset of a business put money and time into, I hope the organization helps him on his road to mental and financial recovery.

 

[Doctor Soraluce]

Their fixation on a player that hasn't played for them in 6 years is so confusing, especially considering they've experienced the most successful period in their franchise's history since he left

People here still talk about Belfour & Campbell with hatred and they played less than 20 games for the Sharks and that was a lot longer than 6 years ago...

 

[Doctor Soraluce]

Gambling has a physical effect on the body as well.
Serotonin and Dopamine Play Complementary Roles in Gambling to Recover Losses

 

[Doctor Soraluce]

My knowledge in bankruptcy is limited, but is this under the assumption that the judge ends up reducing the debt amount? As is, the $26 million seems pretty insurmountable, given what is left on his contract and assets. How I read it is that he own 3 houses that total 10.6 million, not 3 houses at 10.6 million each. So even if he does sell 2 of them, thats still quite a bit left that he needs to pay back, and even if his income was garnished at 100% it may not cut it.


I'd be curious to see how sympathetic a judge would be with regards to a pro athlete making 7 million a year racking up a $26 million debt, that he can't pay.

It'll never come to that. His lawyers will negotiate a settlement.

 

[weastern bias]

People here still talk about Belfour & Campbell with hatred and they played less than 20 games for the Sharks and that was a lot longer than 6 years ago...

Well that's different of course, that effects MY team, not some stupid OTHER team

 

[JohnLennon]

Are we not worried about the rumors he might opt-out of the entire season? Personally I don't see why he would at this point - he's already played through training camp and is locked into the top 6. Anyone have any insight?

 

[SharksFailToClear]

I honestly had not thought about it this way. But it is really not cool for him to his teammates to be putting out there. That must seriously hurt things in the dressing room and we already know things are problematic in there.

Are we not worried about the rumors he might opt-out of the entire season? Personally I don't see why he would at this point - he's already played through training camp and is locked into the top 6. Anyone have any insight?

I'm not a bankruptcy lawyer but I would guess this is standard and based on his attorneys' advice. You say your extremely high income is not guaranteed in hopes of influencing the settlement. As you said since he's already practicing it seems unlikely this is a legitimate concern. But it's not technically factually incorrect to say that he could have to opt out.

 

[LeeIFBB]

and then you have the Jets board celebrating this in dedicated thread.

It just confirms that Winnipeg must be a miserable place to live. Probably the closest thing to some of those awful Siberian cities on this side of the world.