Color me shocked. POS player, always has and always will be. If he was a decent human being he'd pay that off right away. It's only 7% of your annual salary.
It could be that it is not his only large debt. In fact, I doubt you go from zero to $500K over a few days your first time borrowing from a casino.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
Yeah, but you think there has been just one gambling binge and he is only down $500k? I am assuming he is pretty close to busto if this got as far as him being sued. Otherwise, his agent/lawyer would have made some arrangement with the casino for repayment and to keep this quiet...
I came to point out the exact same thing.
The fact that they're suing him for it and likely exposing themselves to losing some of the proceeds in legal fees means that this is likely their last resort and he has either been unwilling, or more likely unable, to pay it.
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No, it really doesn't. You might make the case the Sharks need to know, but even then.
Unless there is proof that any of the gambling being done is illegal or that he was betting on games he was playing in, the NHL has no business in someone's personal life.
If there is and addiction issue there, then they do have an obligation to interject.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
Kane's ego and pride .....hes the McGregor of the NHL.
Reaves now has more material to use....if he didnt already have enough.
Hell be living in a van down by the river soon at this pace.
I couldnt stand having a ######nozzle like this as a teammate.
The fact that they're suing him for it and likely exposing themselves to losing some of the proceeds in legal fees means that this is likely their last resort and he has either been unwilling, or more likely unable, to pay it.
A typical marker provides that you, the debtor, pay their legal fees if they have to sue. In most cases, yes, that's a loss because they don't have the money anyway. In Kane's case, he's going to end up paying their legal fees. And 18% interest.
A typical marker provides that you, the debtor, pay their legal fees if they have to sue. In most cases, yes, that's a loss because they don't have the money anyway. In Kane's case, he's going to end up paying their legal fees. And 18% interest.
The amount you collect in legal fees is often just a fraction of your actual legal fees, at least in Canada.
$500,000 in four days means he lost less than one of his paycheques, pre tax.
Dude should pay his money, there's no way he doesn't have it.
Shouldn’t assume. Just because he makes a lot of money doesn’t mean the money coming in is greater than the money owing. He likely has house payments, car payments, debt payments, etc. It’s fully possible an nhler making millions is living paycheque to paycheque in terms of spare cash.
Hopefully he gets his legs broken. #### I cant stand that prick!
Classy post. You hope he gets his legs broken because you don't like the way he plays hockey against the team(s) you cheer for? What do you care how he acts off the ice?
And why's he a POS because he's getting sued by the casino? We don't even know the whole story yet. Maybe he felt he was coerced into borrowing more money while he was too drunk to know what was happening. It's not like Vegas casinos are the beacons of good faith. That could very well by why he's letting his lawyers deal with it through the courts. You know, through a legal process.
And how do we know the Sharks and the NHL don't know about this? The article didn't mention if they did or did not know, but people are already jumping to their own conclusions.
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The amount you collect in legal fees is often just a fraction of your actual legal fees, at least in Canada.
Those are court costs payable under the Rules of Court. However, if you have a contract that says otherwise, you can pay all the fees. Even in Canada, for example, your mortgage loan says you pay 100% of the legal fees if the bank has to foreclose.
It's impossible that he went on a four day bender and incurred $500K in gambling losses and that's the end of the story. No doubt this guy owes money to other casinos and has some serious money problems.
Maybe it's just me but if I was a GM who fought and negotiated with a player's professional representation agency in an attempt to sign a player, had to reconfigure my team and affect other player's lives/families so that I could fit said player under the salary cap only to find he gambled it away like this, I'd be pissed.
I know it's his money to spend how he sees fit. But I would see that entire process as an immense waste of time and money if they are just going to waste it at a gambling table to line the pockets of a casino owner.
A good GM should do his due diligence with regard to the players he's looking to sign and try and avoid the scum bags that have had problems everywhere they've been.
It was revealed that Donaghy, who has a gambling problem, placed tens of thousands of dollars in bets on games during the 2005–06 and 2006–07 season and had been approached by low-level mob associates to work on a gambling scheme.
Let's not forget the Chicago Black Sox scandal earlier in the 20th century. Long time ago, I know, but it doesn't mean it can't happen.
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It's impossible that he went on a four day bender and incurred $500K in gambling losses and that's the end of the story. No doubt this guy owes money to other casinos and has some serious money problems.
lol, hot take. Hopefully the 5 million (before taxes) he’s still owed this year can take care of whatever problem he’s in.
$500,000 in four days means he lost less than one of his paycheques, pre tax.
Dude should pay his money, there's no way he doesn't have it.
According to google, NHL players get 13 pay cheques over the course of the season (Oct to April). His 6M pre-tax would be around 460k. Easily cut that in half for escrow, agents, and taxes and it is probably closer to 200k. So yeah, that 500k debt is pretty substantial and more than he could pay with one paycheque.
If this was done in April, he would not have had any pay coming in until July for his signing bonus.
To the people saying that the league or the team needs to get involved, how happy would you be if your employer was poking its nose into your own person legal proceedings?
From a league point of view, they should only be involved if he was betting on hockey (or other stuff outlined by the CBA). If it's only debt from casino gambling, this is between the casino and Kane, nobody else.
To the people saying that the league or the team needs to get involved, how happy would you be if your employer was poking its nose into your own person legal proceedings?
From a league point of view, they should only be involved if he was betting on hockey (or other stuff outlined by the CBA). If it's only debt from casino gambling, this is between the casino and Kane, nobody else.
Not paying a marker is a criminal offence in Nevada. He's only being sued at the moment but it can get a lot worse.
