Sharks’ Evander Kane files for bankruptcy with $26.8 million of debt (upd: may void contract)

[DistantThunderRep]

How can he have amassed such debt at such a young age?? This is incredible.

Gambling. Has a huge gambling addiction. And then lived like a superstar spending money like no tomorrow. Not surprising honestly. If you want to read or hear some interesting insight, go watch some or read some stuff from Shaq about he almost bankrupted himself in his first pro contract and the lifestyle he was living. Kane grew up in ultimate suburban Vancouver. He obviously didn't have the same struggles that Shaq did, but still find some correlation. Also Kane is an idiot so that probably helped greatly.

 

[xoczar99ox]

Should have put his money in Bitcoin

Well if he did he would have lost 20% in the last two days...

 

[Sky04]

He's never going to be able to trash talk on twitter again

 

[I Hate Philadelphia]

 

[thrillhous]

Some posters here appear to have no appreciation for how many vultures there are out there that prey on young athletes. This story is not unique, sadly. Yes he has come across quite poorly in a lot of respects throughout his career but even if you don’t like him as a person keep in mind that some of those that he has probably been misled by multiple people in his life that he trusted. Those vultures are everywhere.

 

[I Hate Philadelphia]

Some posters here appear to have no appreciation for how many vultures there are out there that prey on young athletes. This story is not unique, sadly. Yes he has come across quite poorly in a lot of respects throughout his career but even if you don’t like him as a person keep in mind that some of those that he has probably been misled by multiple people in his life that he trusted. Those vultures are everywhere.

Didn't see people dumping on Jack Johnson when this happened to him, probably because he didn't spend his entire career proving to people how much of a piece of sh*t he is.

 

[93LEAFS]

Gambling. Has a huge gambling addiction. And then lived like a superstar spending money like no tomorrow. Not surprising honestly. If you want to read or hear some interesting insight, go watch some or read some stuff from Shaq about he almost bankrupted himself in his first pro contract and the lifestyle he was living. Kane grew up in ultimate suburban Vancouver. He obviously didn't have the same struggles that Shaq did, but still find some correlation. Also Kane is an idiot so that probably helped greatly.

I thought he grew up East Side. Not like Hastings drug market East-side, but not in the affluent suburbs like West Van or in the wealthy West-Side of Metro Vancouver.

 

[MetalheadPenguinsFan]

Too rich. Ramen pack.

Mr. Noodle?

 

[DropTheGloves]

Some posters here appear to have no appreciation for how many vultures there are out there that prey on young athletes. This story is not unique, sadly. Yes he has come across quite poorly in a lot of respects throughout his career but even if you don’t like him as a person keep in mind that some of those that he has probably been misled by multiple people in his life that he trusted. Those vultures are everywhere.

Yes it’s terrible when your favorite blackjack dealer leads you astray. How was he supposed to know that asking for a hit at 20 was a bad idea?

 

[Devonator]

Gambling. Has a huge gambling addiction. And then lived like a superstar spending money like no tomorrow. Not surprising honestly. If you want to read or hear some interesting insight, go watch some or read some stuff from Shaq about he almost bankrupted himself in his first pro contract and the lifestyle he was living. Kane grew up in ultimate suburban Vancouver. He obviously didn't have the same struggles that Shaq did, but still find some correlation. Also Kane is an idiot so that probably helped greatly.

I had no idea he has an issue with gambling.....wow....

 

[kaiser matias]

To be fair, I once heard a pro hockey player say $400 wouldn't feed his dogs for a month. I'm sure it's not any cheaper some 16 years later.

For those wondering, that was Mike Modano. His salary the year before the lockout was $9 million, for reference.

 

[Pinkfloyd]

What do you want me to say? You refuse to live in reality and instead occupy a world in your head where someone being consistently sued for breaking financial commitments is 1) normal 2) not indicative of an underlying problem with money.

Come back to earth and maybe someone will actually talk to instead of clowning on you.

It's incredibly ironic that you want to tell someone they aren't living in reality when you have a fundamental misunderstanding of what suing means. You're not clowning on me. You're acting like a kid and for what exactly?

 

[thrillhous]

Didn't see people dumping on Jack Johnson when this happened to him, probably because he didn't spend his entire career proving to people how much of a piece of sh*t he is.

I hear ya. Just saying that even if you don’t like Kane there are despicable people out there that are preying on young athletes.

 

[MetalheadPenguinsFan]

Kane’s potential future....

 

[DropTheGloves]

It's incredibly ironic that you want to tell someone they aren't living in reality when you have a fundamental misunderstanding of what suing means. You're not clowning on me. You're acting like a kid and for what exactly?

Okay, how many times have you been sued for not paying your bills?

 

[supsens]

Gambling. Has a huge gambling addiction. And then lived like a superstar spending money like no tomorrow. Not surprising honestly. If you want to read or hear some interesting insight, go watch some or read some stuff from Shaq about he almost bankrupted himself in his first pro contract and the lifestyle he was living. Kane grew up in ultimate suburban Vancouver. He obviously didn't have the same struggles that Shaq did, but still find some correlation. Also Kane is an idiot so that probably helped greatly.

Shaq is funny he said he was approached by Starbucks when they were small looking for investments and said no because “black people don’t drink coffee”
Oops lol

 

[featherhawk]

I thought he grew up East Side. Not like Hastings drug market East-side, but not in the affluent suburbs like West Van or in the wealthy West-Side of Metro Vancouver.

Evander went to high school in Vancouver at John Oliver Secondary which really is nowhere near East Vancouver. Perhaps they lived in East Van but he commuted like a 30 minute drive away...

Its possible that his parents simply did not want him to attend Templeton High in East Van...

who knows...

 

[DistantThunderRep]

I thought he grew up East Side. Not like Hastings drug market East-side, but not in the affluent suburbs like West Van or in the wealthy West-Side of Metro Vancouver.

The East Side of Vancouver is pretty well off, aside from Skeena and The downtown Eastside. Current houses in the area he grew up in range from 1.7 to 2.2 Million for a 3 to 4 bedroom house around 2000 sqft.

 

[Didalee Hed]

Evander went to high school in Vancouver at John Oliver Secondary which really is nowhere near East Vancouver. Perhaps they lived in East Van but he commuted like a 30 minute drive away...

Its possible that his parents simply did not want him to attend Templeton High in East Van...

who knows...

Those two schools are like a 10 minute drive from one another.

 

[DistantThunderRep]

Shaq is funny he said he was approached by Starbucks when they were small looking for investments and said no because “black people don’t drink coffee”
Oops lol

After his experience with money and debt, he started a class for fresh basketball players to learn how to invest and budget their money. Guy is an awesome dude.

 

[Artorius Horus T]

53 million dollars in earnings, but almost 30 million debt....
In just 10 years...That's not an easy achievement...lol.

 

[93LEAFS]

The East Side of Vancouver is pretty well off, aside from Skeena and The downtown Eastside. Current houses in the area he grew up in range from 1.7 to 2.2 Million for a 3 to 4 bedroom house around 2000 sqft.

True, I know Van real estate is nuts like Toronto now. I just remember I had a bunch of friends from Van at university (went to UWO) who went to St. Georges and West Point Grey (my first-year roommate went to Saints), who knew Kane. I got the impression Kane grew up middle-class in comparison to the crowd he started rolling with in Van once he hit NHL money. Not saying he's from the hood or anything. Just didn't think he was from the burbs.

 

[Riddum]

The people who relish in the dude's misery are weird. Stop for a second, relax, think about the fact that what the dude does has absolutely zero impact in your life.

 

[DistantThunderRep]

True, I know Van real estate is nuts like Toronto now. I just remember I had a bunch of friends from Van at university (went to UWO) who went to St. Georges and West Point Grey (my first-year roommate went to Saints), who knew Kane. I got the impression Kane grew up middle-class in comparison to the crowd he started rolling with in Van once he hit NHL money. Not saying he's from the hood or anything. Just didn't think he was from the burbs.

Man, those are some rich friends you went to Uni with.

 

[Lonny Bohonos]

True, I know Van real estate is nuts like Toronto now. I just remember I had a bunch of friends from Van at university (went to UWO) who went to St. Georges and West Point Grey (my first-year roommate went to Saints), who knew Kane. I got the impression Kane grew up middle-class in comparison to the crowd he started rolling with in Van once he hit NHL money. Not saying he's from the hood or anything. Just didn't think he was from the burbs.

East Van is hardly the hood. There really isnt anything I would call the hood in Van. Each part of the GVRD seems to have its own "hood" but nothinf that I would liken to what the term hood broadly means.