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When it was discovered that Evander Kane broke the AHL's COVID-19 protocol back in 2021, the Sharks were quick to terminate his contract under approval of the NHL.
Almost immediately, Kane's party filed a grievance with the league after the Sharks placed the winger on unconditional waivers and terminated what was left of his seven-year, $49 million contract.
This morning, Evander Kane and the San Jose Sharks have reached a verbal settlement in Kane's grievance case, as per Kevin Weekes of ESPN.
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With only $200,000 remaining in cap space, the Sharks are expected to have to take a major cap hit to meet the settlement.
San Jose had to pay the winger $21 million over the remaining three years of his contract. Now, with Edmonton, Kane is only making $16.5 million over those three years.
It's believed that the settlement will pay Kane the $4.5 million in between, as per Elliotte Friedman of Hockey Night in Canada.
