San Jose Sharks
Kane, Sharks Sued by Centennial Bank
That’s not the way to start the season.
Centennial Bank sued Evander Kane and the San Jose Sharks on Thursday in Florida federal court, claiming Kane owes them more than $8.3 million in principal and interest.
According to Centennial, Kane received an initial $3.9 million loan from the Arkansas-based bank for business and investment opportunities in September 2018. The loan was secured by his Sharks contract, a seven-year, $49 million dollar pact inked that May.
Additional loans were secured against Kane’s contract over time.
Per the complaint, the San Jose Sharks were contractually obligated to pay the bank back directly from Kane’s wages. However, Centennial says they stopped receiving direct deposits from the team in October 2019. In addition, Kane allegedly defaulted on the loan by missing a December 2019 payment and has made no payments since.
“Centennial believes and therefore avers that the borrower has directed the team to discontinue any and all future direct deposits of the pledged payments into the designated account,” the complaint reads, “in violation of the security agreements.”
As of December 11, 2020, Kane owed $7.8 million in outstanding principal, about $503,000 in interest, and about $90,000 in bank fees.
Centennial is pursuing a declaratory judgment that obligates the San Jose organization to continue direct deposits until the loan is paid in full and prohibits Kane from interfering with these payments.
The San Jose Sharks have declined to comment.
Law360 has more details about this lawsuit and Kane’s prior legal troubles here.
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Oh boy, I love Kane as a player but it’s frustrating to see all the off ice issues and distractions.
Damn it Evander…
That’s a big chunk of change!
Frustrating. Kane’s had two awful playoffs in San Jose. Signing him likely led to the Sharks not having their first-rounder in 2020. Plus, his shenanigans contributed to the poor start.
[…] Evander Kane is back in the news as Centennial Bank is claiming the forward owes them more than $8.3 million in principle and interest. (San Jose Hockey Now) […]
Man this is not a good look. He had some stupid shit he did early on as a younger guy and you want to give people second chances but he seems to make stupid choices over and over and over.
Evander Kane has possibly played his last game as a Shark. This is just too much.
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] En total, Kane señaló a 47 acreedores en la petición, incluido Centennial Bank, que presentó una demanda contra el extremo y los Sharks por $ 8,3 millones la semana pasada. según San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] In entire, Kane illustrious 47 creditors within the petition, alongside side Centennial Monetary institution, which brought a swimsuit in opposition to the winger and the Sharks for $8.3 million remaining week, in line with San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] Jose Hockey Now reported on Saturday, per Law360, that Evander Kane and the San Jose Sharks were being sued for more than $8.3 million dollars by Centennial […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] Au total, Kane a noté 47 créanciers dans la pétition, dont la Centennial Bank, qui a intenté une action contre l’ailier et les Sharks pour 8,3 millions de dollars la semaine dernière, selon San Jose Hockey Now. […]
[…] In total, Kane noted 47 creditors in the petition, including Centennial Bank, which brought a suit against the winger and the Sharks for $8.3 million last week, according to San Jose Hockey Now. […]
[…] Jose Hockey Now’s Sheng Peng reported that Arkansas-based Centennial Bank is suing the forward for more than $8 million. Kane’s document, indicating liabilities of almost $27 million, was filed last Saturday. The […]
[…] 47 creditori elencati nella dichiarazione di fallimento di Kane, ha presentato la scorsa settimana una causa federale contro Kane and the Sharks in California, sostenendo che il giocatore fosse inadempiente sui […]
[…] Jose Hockey Now’s Sheng Peng reported that Arkansas-based Centennial Bank is suing the forward for more than $8 million. Kane’s document, indicating liabilities of almost $27 million, was filed last Saturday. The […]
[…] Gläubiger, die in Kanes Insolvenzantrag aufgeführt sind, hat letzte Woche einen Antrag gestellt eine Bundesklage gegen Kane und die Haie in Kalifornien, mit der Behauptung, der Spieler sei mit Krediten in Verzug […]
[…] to report details of the court filings a number of days after San Jose Hockey Now’s Sheng Peng broke the news that Kane and the Sharks had been being sued by Centennial Financial […]
[…] first to report details of the court filings several days after San Jose Hockey Now’s Sheng Peng broke the news that Kane and the Sharks were being sued by Centennial […]
[…] first to report details of the court filings several days after San Jose Hockey Now’s Sheng Peng broke the news that Kane and the Sharks were being sued by Centennial […]
[…] Bank, one of the 47 creditors listed in Kane’s bankruptcy filing, filed last week a federal lawsuit against Kane and the Sharks in California, where he claimed the player defaulted on loans – […]
[…] des 47 créanciers répertoriés dans le dépôt de bilan de Kane, déposé la semaine dernière un procès fédéral contre Kane and the Sharks en Californie, alléguant que le joueur avait manqué à ses prêts […]
[…] Jose Hockey Now’s Sheng Peng reported that Arkansas-based Centennial Bank is suing the forward for more than $8 million. Kane’s document, indicating liabilities of almost $27 million, was filed last Saturday. The […]
[…] Jose Sharks is his only source of income and was used to secure many of his loans. Until October 2019, the Sharks had been deducting some of Kane’s salary and paying those amounts directly to […]