There was an article in The Athletic, I think, where they consulted with a pro athlete tax guy who said most players take home 40-45% of their gross earnings. At about $53,000,000 USD in career earnings, per Cap Friendly, Kane has taken home around $21,000,000 USD.
$21,000,000 in earnings but $27,000,000 in debt implies he has "spent" $48,000,000 in ten years. Difficult to comprehend.
Obviously spent is a simplification but the point remains.
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Seems like there are a lot of assumptions going on in this thread.
From what I've read:
- Kane filed for bankruptcy
- The reasons for his overwhelming debt load were not spelled out (gambling, etc)
- There is a possibility he will sit out the season due to health concerns related to the birth of his first child
Everything else appears to be conjecture, no?
That said as much as people don't like Kane, I'm not sure taking pleasure in this or mocking him is something he's earned. Hard to say what got him to this point, so we kind of have to leave that aside, but comparisons to Sean Avery are a big reach to me.
Theo was mentioned. Theo is also a significantly worse character than Kane has ever been. Does Theo deserve even one of the bad personal things that have happened to him? Of course not. So Kane, just clearing the bar of "self entitled jerk" deserving this? I don't see it.
I'm not judging anyone relishing in it, have at it. But in my view, this is pretty awful for him, and hopefully it's something he can recover from. And hopefully his child is alright.
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Theo was mentioned. Theo is also a significantly worse character than Kane has ever been. Does Theo deserve even one of the bad personal things that have happened to him? Of course not. So Kane, just clearing the bar of "self entitled jerk" deserving this? I don't see it.
I'm not judging anyone relishing in it, have at it. But in my view, this is pretty awful for him, and hopefully it's something he can recover from. And hopefully his child is alright.
My point wasn’t that either of them deserved it. It was that this reaction isn’t new to these stories. And certainly not Kane specific.
Mocking anyone for addiction is a little ####ed up. And yes gambling addiction is near identical to drug/alcohol addictions from a biological standpoint. A little empathy never hurt anyone.
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Settle down...banana phone is more common that you think. Nothing racist.
I set my wife's phone so that this song is the ringtone whenever I call her. This song is excellent.
On the topic of Kane, I think the main lesson is to not be an ####### on the way up, because nobody will have any sympathy on the way down.
Had it come out that P.K. Subban was declaring bankruptcy with millions in debt and a gambling addiction I think the reaction would be totally different.
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I can only speak for myself here, but I thought that Kane's financial troubles were both unsurprising and contains a certain level of schadenfreude to make this story more interesting. It has zero to do with him being black.
Those pics of him posing with his cash, the rumours of him walking out on bills, stories of how his teammates disliked him... Kane is un unlikable personality, regardless of colour, and not because of colour. This thread took a sideways turn quickly. Maybe I am just a social moron, but I didn't see any sense of the 'public shaming' that has gone on for posts saying what I stated above.
Yes, addiction issues are JUST as bad as alcohol and substance abuse issues - they all can completely destroy not only your lives, but the lives of people around you as well, and all have much higher suicide rates and other health effects that you would probably be surprised with hearing about. It is yet another tragic tale of a young millionaire who threw a huge gift away. Anyone can feel bad for him, and even people who are mocking him openly might still feel that bit of sadness for what he is going through.
However, posting pics of his money phone or stacks of cash on his back while doing push-ups, and then going broke? That's fricken hilarious, and it has absolutely nothing to do with him being black. F U if you are going to assume that.
I would take just as much glee if it was Commodore in that situation, even though Commodore is otherwise likeable as he has stood up against terrible people like Babcock. It would still be funny, however, because he had his (in)famous 'money bed' moment.
It is funny because when people flaunt their wealth, and then lose it.. well, if someone can't understand why there is a certain degree in humour in it, then I can't help you. If you are so quick to bring race into the equation, then perhaps it is time to look at yourself and not at others?
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I can only speak for myself here, but I thought that Kane's financial troubles were both unsurprising and contains a certain level of schadenfreude to make this story more interesting. It has zero to do with him being black.
Those pics of him posing with his cash, the rumours of him walking out on bills, stories of how his teammates disliked him... Kane is un unlikable personality, regardless of colour, and not because of colour. This thread took a sideways turn quickly. Maybe I am just a social moron, but I didn't see any sense of the 'public shaming' that has gone on for posts saying what I stated above.
Yes, addiction issues are JUST as bad as alcohol and substance abuse issues - they all can completely destroy not only your lives, but the lives of people around you as well, and all have much higher suicide rates and other health effects that you would probably be surprised with hearing about. It is yet another tragic tale of a young millionaire who threw a huge gift away. Anyone can feel bad for him, and even people who are mocking him openly might still feel that bit of sadness for what he is going through.
However, posting pics of his money phone or stacks of cash on his back while doing push-ups, and then going broke? That's fricken hilarious, and it has absolutely nothing to do with him being black. F U if you are going to assume that.
I would take just as much glee if it was Commodore in that situation, even though Commodore is otherwise likeable as he has stood up against terrible people like Babcock. It would still be funny, however, because he had his (in)famous 'money bed' moment.
It is funny because when people flaunt their wealth, and then lose it.. well, if someone can't understand why there is a certain degree in humour in it, then I can't help you. If you are so quick to bring race into the equation, then perhaps it is time to look at yourself and not at others?
I find this to be such a silly response.
"Never point out undertones of racism, or potential bias, because that means its YOU that are racist"
This type of sentiment is what makes people scared to speak out at times.
Again, I just want to reiterate. I never accused anyone directly of racism. I said I was getting a feeling of bias and racism in some comments in the the thread. And people started to get defensive. That is alright. That is what happens when you talk about these things. Warranted or not.
I have no problem defending my comments. And I have no problem accepting that anyone had no intention of doing it, consciously or subconsciously. It's the conversation that matters.
In my opinion.
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I set my wife's phone so that this song is the ringtone whenever I call her. This song is excellent.
On the topic of Kane, I think the main lesson is to not be an ####### on the way up, because nobody will have any sympathy on the way down.
Had it come out that P.K. Subban was declaring bankruptcy with millions in debt and a gambling addiction I think the reaction would be totally different.
That’s exactly it. The guy wasn’t humble at any point, so why have sympathy for him flaunting his way to where he is now. Frankly I have almost no sympathy as it’s likely a way of just settling his affairs. Now if loud Subban had the same situation I would feel bad because he’s a nice guy. He donated probably more than any other player in the league. I guess it was right for someone to point out the race aspect in all this, but this seems to be 100% no remorse for a guy who loves to flaunt his wealth, apparently falling on his face due to his own fault. I say whatever to that.
I should also say that I do like players who thumb their nose at the establishment. Subban, Avery, Ovechkin, and even to a large degree Kane, have at times shown they’re not drones and have personality. But losing all your money where you come across as an ass, meh. Something funny.
I think it has more to do with him flaunting his wealth more than anything. He seems to have an adoration addiction as well as a gambling one.
I do find it sad that it got to this point though. People around him must have seen what was happening. While some people may have tried to intervene, I wouldn't be surprised if many people around him were leaching off him and went along for the ride. I also find it disturbing that casinos will actively give credit to this point.
If they didn't know how badly in debt he was getting, then there should be some kind of system in place to fix that. I get that one casino might not know that he is already in debt to another, but that should be fixed somehow. There should be some kind of due diligence principle IMO. I am sure some of the casino managers didn't care and were willing to front him based on his future earnings, which just seems wrong to me.
I am not trying to discount Kane's personal accountability, but I would like to see more safeguards to protect people who might actually be uncapable of controlling themselves.
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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.
In his home, Kane lists seven dependents living with him, including a 6-month-old daughter, 27-year-old sister, mother, father, two uncles and his grandmother.
Though a contributing factor, gambling issues appear to be only part of the problem. A promise to take care of his family, or perhaps having a family full of leaches certainly is not helping. His past of ice behavior has not made him a sympathetic figure.
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Last edited by Derek Sutton; 01-12-2021 at 11:57 AM.
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.
In his home, Kane lists seven dependents living with him, including a 6-month-old daughter, 27-year-old sister, mother, father, two uncles and his grandmother.
Though a contributing factor, gambling issues appear to be only part of the problem. A promise to take care of his family, or having a family full of leaches certainly is not helping.
I don’t know. The family situation seems normal. It’s not like cousins and friends listed, though I doubt he’d list that on a legal document. Hard to imagine grandma or two uncles asking for anything. Certainly he’s not disclosing the reasons for everything because the numbers don’t add up yet. My parents took care of both my grandparents and two kids and didn’t rack up millions.
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.
In his home, Kane lists seven dependents living with him, including a 6-month-old daughter, 27-year-old sister, mother, father, two uncles and his grandmother.
Though a contributing factor, gambling issues appear to be only part of the problem. A promise to take care of his family, or having a family full of leaches certainly is not helping.
Gross. What kind of scumbag tries to take care of his family? Zero sympathy.
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"Never point out undertones of racism, or potential bias, because that means its YOU that are racist"
This type of sentiment is what makes people scared to speak out at times.
Again, I just want to reiterate. I never accused anyone directly of racism. I said I was getting a feeling of bias and racism in some comments in the the thread. And people started to get defensive. That is alright. That is what happens when you talk about these things. Warranted or not.
I have no problem defending my comments. And I have no problem accepting that anyone had no intention of doing it, consciously or subconsciously. It's the conversation that matters.
In my opinion.
I didn't get that from CF's post at all. I interpreted his comment as saying sometimes people see what they want to see.
