[sureLoss]

Parent company is expected to file for bankruptcy protection as soon as Monday.

http://www.tsn.ca/bankruptcy-may-end...stars-1.596122

PSG’s insolvency would be bad news for both NHL players and their agents.
Ovechkin, Toews and Kane each have deals worth between $300,000 and $500,000 per year for their endorsement contracts, a source close to Bauer said, while less established players such as Auston Matthews can have contracts valued at $200,000 annually.

Endorsement deals are similarly big business for NHL player agents. While agents typically charge players two to four per cent for negotiating a contract with a team, the fee can be as much as 40 per cent for helping land endorsement and sponsor deals, a person familiar with the matter told TSN.

“A bankruptcy judge can simply cancel those endorsement contracts and list the players as creditors, as easy as that,” the person said. “Bauer may simply not be in a position to be able to afford to pay those contracts.”