According to the website CapFriendly, he has earned 52.9 million dollars over his 11-year career in the National Hockey League, but as revealed by The Athletic, he has a net debt of 26.8 million and is facing six lawsuits at this time.
In the documents, Kane listed $1.5 million in gambling losses, more than $26.8 million in total liabilities and more than $10.2 million in assets comprised mostly of real estate. 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 previous year.
According to Centennial Bank's official complaint, Kane owes them $8.36 million. It is the largest of six pending lawsuits involving Kane.
The 29-year-old forward signed a seven-year, $49-million contract with the Sharks in 2018 and has earned an estimated $52.9 million to this point in his career, according to CapFriendly.
NHL SET FOR STRANGE SEASON: Here's why it will be among the most unusual in history.
"Debtor may terminate his contract and he may opt out of the season, as allowed under current rules, because of health concerns given the recent birth of his first child", the petition read.
Below is a question for each Sharks player expected to be in the mix at the start of the season that should be answered as the months progress.
"I don't think we're anxious about a distraction", Boughner told reporters, according to Dalton Johnson of NBC Sports. "Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary". "I won't make a comment on any player's personal situation, but I am assured that he will be here for the whole season, and he's on board".