Latest development in the Evander Kane bankruptcy saga

San Jose Sharks forward Evander Kane has found himself once again in the news in recent weeks, facing allegations from his spouse Anna that he has a gambling addiction and had been betting on his own games. That instantly led to the National Hockey League saying they'd be conducting their own investigation into the matter. 

Of course, should the investigation turn up any evidence that Kane has been betting on his own games, it could result in the former star forward's expulsion from the League entirely. 

A more recent report indicates that Kane's teammates have grown tired of him and would prefer him not to return to the organization; team GM Doug Wilson reportedly explored trade options for Kane, but nothing came to fruition. Needless to say, his future with the Sharks and in the NHL looks cloudy at best. 

Kane, who filed for bankruptcy in January while claiming $26.8 million of total debt, will now apparently only be able to cover that massive debt with a small portion of his multi-million dollar San Jose homestead.

According to ESPN NHL writer Greg Wyshynski:

"In July, his lawyers filed an appeal after the court limited his “homestead exemption” to just $170,000 on his San Jose home, which he said is worth more than $3 million. Sept. 13 deadline for opening brief on that appeal. (1/2)"

From Kane’s lawyer Stephen Finestone: “The Chapter 7 bankruptcy case continues to progress as the trustee administers the bankruptcy estate. Creditors have now filed four appeals of the bankruptcy court’s decisions in Evander’s favor.” (2/2)

Essentially, this means that the bankrupt Kane can only shield from his creditors a mere $170,350 of equity in his $3 million San Jose home. 

This situation is all kinds of bizarre, and it looks like it's only going to continue to get worse for Kane and those around him before it ever begins to get better. We certainly hope that he's able to get his life back in order - not only for his own sake, but for the sake of his growing family. He has four more seasons on a seven-year, $49 million contract he signed in the 2018 offseason, a deal that included a limited three-team no-trade clause.