According to the filing obtained by The Athletic, Kane is nearly $27 million in debt and faces six active lawsuits, court actions and administrative proceedings with lending agencies.
The 29-year-old Kane signed a seven-year, $49 million deal with the Sharks two years ago. 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.
According to capfriendly.com, Kane has made nearly $53 million in his career. On the filing, Kane listed liabilities at $26.8 million with assets of $10.2 million. While The Athletic notes that the sources of Kane's losses are not clear, the petition indicates that he has lost $1.5 million in gambling over the last year. The Cosmopolitan of Las Vegas also settled a lawsuit against Kane for unpaid gambling bills last year.
