Kane, Sharks nearing settlement agreement

Edmonton Oilers forward Evander Kane and his former team, the San Jose Sharks, are closing in on an agreement regarding Kane’s grievance settlement, according to multiple sources. 

Kane was in the fourth season of a seven-year, $49 million deal in 2021-22 with the Sharks when his contract was terminated on Jan. 8 due to an alleged breach of COVID-19 protocols.

He stood to lose approximately $22.9 million from the deal, but his settlement will reportedly come close to making up the difference between Kane’s contract with San Jose and the four-year, $20.5 million contract he signed with Edmonton earlier this summer, according to TSN Hockey Insider Darren Dreger. 

Sounds like the settlement will come close to making up the difference between SJ and Edm deal https://t.co/pWLgcZubYF

The NHL announced in January that Kane would not face discipline for the alleged protocol breach, which occurred while he was with the AHL's San Jose Barracuda.

Kane joined the Oilers soon after on a pro-rated one-year, $2.1 million contract, scoring 22 goals and 17 assists over 43 regular-season games. The 31-year-old native of Vancouver added 13 goals and four assists over 15 playoff games.