[News] Evander Kane, $26.8 million in debt, files for bankruptcy - Page 10 - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Weitz · 03-10-2021, 03:47 PM

Quote:

Originally Posted by jaikorven

If some of these darker theories are true it certainly compounds the negative view so many already have for this player. I feel that if the contract is terminated, I myself hope that the NHL changes that loophole asap and that the Sharks are penalized in some way.

How exactly is two sides who signed a contract agreeing to terminate it a loophole?

Buff · 03-10-2021, 04:07 PM

Quote:

Originally Posted by Weitz

How exactly is two sides who signed a contract agreeing to terminate it a loophole?

The loophole would be if he signed again for a different value. If it is less money or smaller cap hit, then it's a loophole for the team. Cap circumvention.

jaikorven · 03-10-2021, 04:09 PM

Quote:

Originally Posted by Buff

The loophole would be if he signed again for a different value. If it is less money or smaller cap hit, then it's a loophole for the team. Cap circumvention.

Out of thanks but a perfect response. I thought the loophole part was a given.

Bring_Back_Shantz · 03-10-2021, 04:23 PM

I would assume, as others have said, that terminating the contact would be used as a bargaining chip to get debtors to take a smaller cut.

He owes more than his contract is worth, he's not gonna see much if anything for the rest of that deal if he keeps playing, and the debtors stick to their guns. So I'm assuming that the threat is, "Hey, if you don't accept 50 cents on the dollar, I'll get my contract terminated, never play hockey again, and you'll get zero."

Whether that turns out to be a legitimate threat, or even legal is the big question mark.

Weitz · 03-10-2021, 04:31 PM

Quote:

Originally Posted by Buff

The loophole would be if he signed again for a different value. If it is less money or smaller cap hit, then it's a loophole for the team. Cap circumvention.

So he just pisses away all his money for no reason at all? Signs a smaller deal and then gets that taken by his debtors?

I'm trying to understand why this would ever happen and be a loophole. He would be done with hockey to get away from the debtors if they terminated the deal.

dino7c · 03-10-2021, 04:36 PM

Makes a guy want borrow a ton of money and invest it all into some moonshot...if it fails just claim bankruptcy

If it succeeds you are rich as F

Here I am paying my bills and not spending like a sucker

sureLoss · 03-10-2021, 04:38 PM

edit nm

FlamesAddiction · 03-10-2021, 05:15 PM

Quote:

Originally Posted by Weitz

So he just pisses away all his money for no reason at all? Signs a smaller deal and then gets that taken by his debtors?

I'm trying to understand why this would ever happen and be a loophole. He would be done with hockey to get away from the debtors if they terminated the deal.

It kind of depends on what the bankruptcy rules are and how much creditors can take, but the taxes on $700k are probably less substantial than $7 million. It might be the difference between having some money and no money left over at the end of the day.

Titan2 · 03-10-2021, 06:45 PM

Why would the NHL allow this? Cap circumvention for sure. It is a hollow threat hoping the creditors don't understand the intricacies of the CBA, which I doubt.

FlamingHomer · 03-10-2021, 06:58 PM

I foresee broken kneecaps in his future.

heep223 · 03-10-2021, 07:59 PM

Quote:

Originally Posted by dino7c

Makes a guy want borrow a ton of money and invest it all into some moonshot...if it fails just claim bankruptcy

If it succeeds you are rich as F

Here I am paying my bills and not spending like a sucker

Declaring bankruptcy has serious long term implications, you don’t want to go there. You may end up as President of the United States.

FlamesAddiction · 03-11-2021, 02:37 PM

Quote:

Originally Posted by Roof-Daddy

I know the thread isn't really about this, and I realize Evander Kane is pretty much a giant dooosh nozzle, but if this were to happen I think the Flames should try sign him.

Is that even possible?

I would take him in a second if he didn't have these off-ice issues. I love the way he plays. Unfortunately, the side issues could easily become distraction.

I have no opinion on him as a person. When he was flaunting his wealth, I thought it was tacky, but I also don't think someone should be written off because of a bad decision when they were young. The issue of fitting in when he was in Winnipeg is a little more concerning, but I am sure the issue is more complicated than we know. We only got the story from one side.

If he somehow gets his off-ice problems sorted out, I would definitely be interested.

cam_wmh · 03-11-2021, 02:41 PM

Quote:

Originally Posted by FlamesAddiction

I would take him in a second if he didn't have these off-ice issues. I love the way he plays. Unfortunately, the side issues could easily become distraction.

I have no opinion on him as a person. When he was flaunting his wealth, I thought it was tacky, but I also don't think someone should be written off because of a bad decision when they were young. The issue of fitting in when he was in Winnipeg is a little more concerning, but I am sure the issue is more complicated than we know. We only got the story from one side.

If he somehow gets his off-ice problems sorted out, I would definitely be interested.

Could Sutter be the coach that gets him in line?

AC · 07-31-2021, 02:43 PM

https://twitter.com/user/status/1421558721113698307

"How does the nhl let a compulsive gambling addict still play when he's obviously throwing games with bookies to win money ? Hmm maybe someone needs to address this"

"Can anyone ask Gary Bettman how they can let a player gamble on his own games? Bet and win with bookies on his own games?"

MegaErtz · 07-31-2021, 02:49 PM

Sounds like a scorned lover to me. Still, I wouldn't take this guy if we got him for nothing and he played for the league minimum. Some people are just not worth the headache.

Goriders · 07-31-2021, 02:52 PM

Wow.

Doubt he’s throwing games. But the other stuff.

Wow.

Mathgod · 07-31-2021, 02:54 PM

So sad. Hopefully this is what finally causes him to seek professional help.

cam_wmh · 07-31-2021, 02:54 PM

There enough unfavourable incidences, that the Sharks terminate his contract?
Have they got him into therapy?

And of course, the cliche. "Now there's the room for Eichel."

868904 · 07-31-2021, 02:56 PM

Kane's an idiot no doubt, but his email sounds like he and his wife are already separated which can explain his absence; the wife's social media posts make it sound like they aren't though.

Lots of drama.

Goriders · 07-31-2021, 02:58 PM

Quote:

Originally Posted by 868904

Kane's an idiot no doubt, but his email sounds like he and his wife are already separated which can explain his absence; the wife's social media posts make it sound like they aren't though.

Lots of drama.

It did sound a little like their relationship is over or right on the edge.