Evander Kane contract termination/ bankruptcy omnithread

[mouser]

Tick tock

#1) I think at this point empirical evidence strongly suggests the delay of a second Kane hearing is not due to the Arbitrator being unavailable.

#2) I don’t believe either party—NHL or NHLPA—has the power to unilaterally delay a second hearing if the other party wants it to happen.


Hence I’m left with these conclusions:

a) Neither the NHL or PA wants the second hearing to happen at this time.

b) Possibility the delay invokes Kane’s bankruptcy case. Note both parties would have to agree to delay.

c) Possibility the NHL and PA are negotiating a settlement.

 

[LadyStanley]

Resolution coming

 

[Harvey Birdman]

Resolution coming

It’s the Big Lebowski outcome. Both sides get to look at each other and say “No. You are not wrong. You’re just an asshole.” And they meet in a middle ground.

 

[rojac]

Settlement reached.

Evander Kane, San Jose Sharks nearing settlement agreement | TSN

Edmonton Oilers forward Evander Kane and his former team, the San Jose Sharks, have reached an agreement regarding Kane’s grievance settlement.

www.tsn.ca

 

[mouser]

Sounds like the Sharks may have escaped dead cap space going forward if the settlement $ is all being applied retroactively to the 2021-22 cap.

 

[LadyStanley]

No cap hit going forward

 

[LadyStanley]

 

[golffuul]

Crazy stuff. I can see why the NHL and the Sharks/Oilers wanted to just make all this go away. It wasn't a slam dunk arbitration and everyone is happy, more or less, with the outcome with no future penalties/etc.

 

[LadyStanley]

Evander Kane bankruptcy trials: Oiler discloses he borrowed $48M from '14 to '19
Paywall (Athletic)

Over the next month, 7 days of trial are planned.

 

[LadyStanley]

Kane can walk away from much of his debt, judge rules

Judge rules Kane can walk away from much of his remaining debt after saga that spotlighted the forward's self-described gambling addiction.

theathletic.com

Judge strikes multimillion bank loan; the bank could appeal. Sets stage for $3m claim for abortions/civil suit to be resolved.

Not out of the woods yet