Kane's Situation Is Extreme In Its Value, But Not Unique
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- เผยแพร่เมื่อ 16 พ.ย. 2024
- Young kids getting paid millions has its risks. This is one of them.
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Wow. That’s insane. Really goes to show how much gambling can screw up your life.
Nothing beats the thrill of winning money, not actually getting the money. The thrill of winning it while it's happening. Dangerous stuff.
Very true. Whenever I go to Reno to gamble/have fun, I only bring X amt of money, if I lose it all, that’s fine, but I will never go to the ATM to try and regain the money I lost. Basically go into the casino with the mindset that I’m willing to throw that money into a shredder and be fine with it.
Any addiction really. Everything in moderation is the key
@@golfer371 very true, the “chase” of it actually gives you a high in the brain
@@joshf9074 Yes. I have had this struggle for most of my Adult life.
As a recovering Heroin addict, I absolutely stay away from gambling. Gambling addiction is real and can be devastating. Seen it personally. Doesn’t matter your income, addiction can ruin life regardless. We can set up all the safeguards but personal responsibility and making smart choices is the only way out of a mess like this. Good luck Evander, you got yourself into this, you can most definitely get yourself out. You are most likely the only person who can. Sending only love.
Congrats on your continuing recovery!
Congrats on your sobriety!
Thanks everyone for the support 😀 much appreciated
Congrats on staying clean!!
Good luck on continued recovery!
Thank you for this Shannon. People need to hear how serious this issue really is and why it's not funny
Who thinks this is funny?
@@davidkruse4030 with his style of hockey, he’s bound to have haters. those are the people who find it funny. i don’t love his game, but in no way do i find it funny
@@cameron81anderson Exactly, so many people hate the guy, which is understandable, but making fun of the guy for having a gambling addiction is pathetic
It's not his style of hockey that causes people to dislike him, it's all his baggage and controversies he's had.
@@krzyk101 If taking a picture of a telephone made out of money is baggage, then yeah he does have baggage
I think this might be one of your best videos ever. Your presentation of the subject and player are incredibly objective and enlightening. To add in your personal experience with how crippling these addictions can be just shows, as you say, how common it is. Bravo, I come for the hockey videos and stay for your life lessons.
Your
I second this.
Bubbles: Ray what happened to the liquor money?
Ray: Lost all the liquor money, boys thats the way she goes
Does Canada really have concentrated alcohol/wine in cans, just add water or was that just a joke on the show?
Where's Julian's 60 bucks eh Ray? TPB4life
@@autobotmumblebee9490 coincidence man
Ricky: Dad can u help find trinitys chicken?
Ray: I have an eye for chickens bud, but I need some liquor to get the gears grinding.
@@brown_recidivist Ricky: So Dad, what's the f*ckin deal with the machines, you win any money or what?"
Ray: Not doin too bad buddy, up about 60 bucks
You know Kane's situation is extreme when Shannon does a 27 min video on this, which is about twice the length of his regular videos
A minute per million of debt, apparently...
@@iliaponomarev1624 lmao
@@iliaponomarev1624 Oh I see why Shannon made it 27 minutes long haha
Personal relation would do that.
The Hawks fan in me thought "Oh god what's Patrick done now?
This Hawk fan was thinking that exact same thing
lol...I thought so too. Forgot about the other Kane
patrick has matured a lot since his early career. i'm not sure he had this particular issue but he used to party a fair bit. now he seems to be a model citizen.
and he's also the best player the hawks have had since the days of hull and mikita.
"There's something about the name Kane." -Abel
Oh god first the taxi incident and now bankcruptcy? Goddamit Kane
Shannon: Thanks for being a decent human and a class-act, as always.
As someone who's an alcoholic and coming up on 14 years of sobriety, I can say that any form of addiction is a disease, and whatever the issue or substance that is involved is a symptom of that sickness rather than the core issue. An obsession of the mind is something that isn't true that we really believe (e.g. "I can have one drink and stop"; "I can win it back"; "I need to save that and can't throw it away no matter what"). All addiction centers in a mind that doesn't really work in a specific area and that can't see things for what they really are in certain respects. I hope Evander can admit that to himself and really wants help. Giving up the single-handed fight, surrendering to the situation, and getting help (treatment) is the only way, in my experience, that an addict can truly recover.
Whole thing reminds me of that 30 for 30 doc that came out a few years back on how many pros end up filing for bankruptcy.
Seen Bill Burrs comment on this. His podcast. Hillarious.
Same goes for lottery winners. Some people go real stupid when they have millions thrown on them. Some continue to live a frugal and within there means life and build on there new found wealth.
@@PeterCPRail8748 that's a little unfair. You have to trust somebody with your money. It's very easy to get ripped off. Especially when you have never had any significant amount of money
@@allsystemsgo8678 way am I unfair. Smart people usually build wealth or keep it when attain it.
Stupid financially individuals usually go bankrupt.
Not unfair at all
Yes there are always outside issues effecting wealth, but its how you meet and overcome them dictates how you end up in the long run.
Yes gambling is an addiction. No one forced him to start. It was a clear and stupid choice that led to a snowball affect.
Yeah thats a great documentary, called Broke if anyone wants to check it out. You should
Seen a coworker and his wife loose there house and savings to gambling addiction. They won 15,000 at the casino on a slot machine and lost it in the same night.
No Way - What were They Thinking ?
Part of my orientation for a casino job (I was in IT, but everybody had to go through it) was recognition of problem gamblers. I was given a card to pass to anybody who needed help. The nature of my job (computers, not people) meant I never was in a position to do so, but you pick up things. Problem gamblers will justify almost anything. Shannon mentioned staying at a machine because it was "due". There is also staying at a machine because it is "hot". Few see the contradiction (if it really worked like that, the "hot" machine should be abandoned because it's paid it's dues, or, in the reverse, the "overdue" machine should be abandoned because it's "cold"). Those displays at roulette tables that show the last 10 numbers or so made casinos a fortune as people tried to see patterns where none existed. The truth is, crap dice, roulette balls, keno / bingo balls, and slot spins have zero memory. Unless it is broken, a roulette table that hits 00 five times in a row has no more chance of hitting it on the sixth spin than any other number.
Kane has a lot of debt, and the bankruptcy means he's out of options to hide it. It will be interesting to see if any prepayment on his salary for this year (notably the bonus) will be added to his debts (making the Sharks one of his creditors). It's obvious he's refusing to play because his salary will be seized by the courts or his creditors. He's going to have to crash back to reality.
Regarding your point at 21:15 about planning your money, this is exactly how I live. I think that "sure, I'll buy this thing IF I know that I'll definitely be able to recoup that sum". Great video as always Shannon, and I can't wait to see more of your reviews and whatnot very soon!
It may sound crazy that he lost so much money gambling, but this guy was getting everything he dreamed of. Kinda makes sense he thought he could gamble and win there too.
thanks Shannon for keeping it mainly about gambling as a whole and not as just Kane messed up and it is all his fault, but there are other factors at play. And your personal experiances
What an incredible video. Everything was spot on. EA has been causing young people to gamble for many, many years now. Those people who spend 2 grand per year on HUT are no different from a guy hitting the slots every weekend.
The sad part is it teaches people the thrill of gambling at a very early age. I was always a huge gamer and I honestly believe gambling in games lead me to have a gambling addiction in the real world. Like it for not for me and im sure for some others out there it's a gateway.
Yeah... For me personally CSGO skin gambling got me into gambling at like 13 years old... Right when I started getting money from a part time job. I was gambling basically all my money away that I was making because of those stupid skin gambling sites. And this addiction has lead to me doing things I am not proud of to get money to gamble/pay bills. I am not a bad person, and I would have never thought about stealing money. But my addiction to gambling had gotten really bad and I had lost all the money I had as soon as I got my paycheck for the month. I then stole from someone I love with all my heart to pay some bills. And I just ended up gambling that away too...
And with the internet it is so difficult to stop. It's one thing to stop gambling at casinos. It's another when you have access to thousands of sites instantly where they let you instantly put in as much money as you can.
@@braydontopping339 those CSGO sites should've all been shut down long ago. They're absolute scams.
As a former casino dealer, I recount the first time I saw someone come into the casino, lose all the rent money, and the grocery money, and the money for the utilities. I felt really bad for the guy as he walked out of the casino crying and distraught. I didn't feel so bad for him when he came back the following night and was gambling money he probably borrowed from his friends and family to try to recoup his losses. He lost his shirt again. I probably felt bad for the stupid people in his life that enabled the loser to lose more money. Valuable lesson: If you are going to gamble never bring more money than what you can afford to lose. Leave your credit cards, bank debit cards, and the money in your wallet that you can't afford to lose, AT HOME, or if you are in LOST WAGES, Nevada, at the Hotel's front desk in the safe. Set yourself a limit on your losses, and have the wisdom and guts to stick to your self-imposed limit. And most of all don't try to chase your losses. You can get into a real financial catastrophe if you get into an extended losing streak.
You are a good spirit. Hockey is all well and good and something we can all enjoy together, but your candor on this subject really unites your viewers to show the danger this problem can create. Thank you, Shannon. You’re a good man, God bless you.
When he was in Winnipeg as a Jet, he was rumoured to walk out on tons of bar and restaurant tabs
He grew up poor and black
Payday loans are bad. I never did, but my comic shop used one of their bags or cups when they sold me stuff, and my mom freaked out and thought I went to one cause she thought I needed money.
San Jose Loan Sharks 🦈
LOL
Bah dum tiss 😂
LMAO
My grandmother was spending $90,000 a year at our local casino's. She was afraid to go by herself so I would take her. I took her 3 times a week for 10 years. I didn't have a lot of money but every once in a while she's toss me a $20 and say get lost. My grandmother would spend 12 hours a day gambling. When I wasn't playing I was studying and looking for a way to beat them. After 8 years of watching and advice from my cousin with a masters degree in computer science I found a way to beat them. For 2 years I took them to the bank until they figured me out. I didn't make millions but I made 10's of thousands of dollars. I didn't get rich but I enjoyed the extra income. My grandmother can't go anymore and I know to stay away. I know the loophole I used has been closed and I know the house always wins in the long run. Casino's are evil.
I had a buddy who had a gambling addiction. He would drop thousands upon thousands at the Casino. Always chasing that high of winning periodically.
i worked for a company that the owner had this addiction...got so bad at the end that another employee took out a 2nd mortgage on his house to cover payroll... thankfully the kids took over.....
You had ? What Happened ?
I’ve seen what addiction has done to dozens of people I’ve known, met or just heard of. Like spend 1500$ a day bad. Guys borrowing money on Tuesday to buy lunch because last week’s paycheque is gone.
I hope he can get out of this mess and get some help for himself and be enough of a man to take it. No one deserves this sort of thing. Addiction is brutal, there’s no other way to put it.
He deserves it he put himself in there, but yeah I can wish him strength to get out of there
Its unfortunate. A millionaire at 18 is not a good thing, especially if you don’t know how to spend it, where to put it, and which investments to to make
Saw an wealth management ad before this video... found it a bit ironic.
A*
I like this video a lot because you explain the situation with compassion and understanding. It’s refreshing to hear someone present this in a mature and professional manner. I hope that someone watching this will realize they or a loved one has a problem and they’ll get help. Love you man!
Gambling is a serious addiction just like heroin or alcohol. Never had a problem with it myself but as an addictive personality I have always consciously avoided it
It all comes down to personal choice; you clearly made the right one and have been honest with yourself. Kane obviously didn't and that is on him.
@@SluggerStark he didn't choose to be addicted
@@alexminassian He had a predisposition for addiction.....he made poor life choices, became addicted and is now paying the consequences.....just like any other addict. You always have a choice.
Thanks yes Amen.
This was a charitable and generous view of Evander Kane's self-inflicted predicament.
Evander Kane has been afforded opportunities which none of us will ever have. I have utmost respect for his work and talent to get to where he is; however he is not without agency.
He has made questionable decision after questionable decision. When presented with his behaviour over the years, and the news that he is the author of his own misfortune, few people will have sympathy.
There have been hockey players who have been down and out due to mental illness caused by a concussion, and I am entirely sympathetic towards them. But, Evander Kane had no problem showing off for years, and as the old saying goes - pride comes before a fall.
I hope he learns humility and becomes a better man.
He could only learn humility when others stop making excuses for him.
I'm sure he was told over and over that he was gonna fuck it up and didn't listen. Tough shit in my eyes.
You can admit it's his own fault and then hope he gets past it
@@FunWithMemesFunWithMemes I think expressing hopes he overcomes this is a bit redundant, no?
Addiction doesn't make sense, but it's real as all hell. And of course it's still him making these mistakes, but I can feel some sympathy with knowing what addiction does to you.
Thank you very much for putting out such a thoughtful and fair video concerning this. There's way too many people making jokes and insulting Kane over this. As always you show yourself to be a caring person who puts real thought into the content he releases and what effect it can have.
Addiction in all it’s forms is soo debilitating. My heart goes out to Kane and this family. Professional help is there and I hope he reaches out. He may have said a million four letter words on the ice, but the most important for him now is “Help.”
What percentage of the $26.8 million is unpaid WPG restaurant tabs?
Could be higher than one would expect
He is Out of Hand...
Or losing to us in Poker.....
Viewpoints like this are a big reason why I like this channel and Shannon so much.
Don't do payday loans. You never have what you need to get out of it. Same with people who front drugs. You pay off the loan just to get another one. Viscous cycle of debt that doesn't end until you bite the bullet and let it all crash down on you.
Payday loans ruin lives everyday. It’s very sad
Sport gambling is going to be a big problem in the next few years. A couple of years ago you'd have to go to a sports book (or have a bookie) to bet on a game. Now you get an app on your phone and you can bet on almost every game, plus now it's not just the game result those apps will offer prop bets during the game.
yeah I don't want to seem like a puritan but people and especially young people are now constantly surrounded with gambling features (loot boxes, packs in EA games, all sorts of betting like on MOBAs or counterstrike or even sports as you say). Hell, the stock market is in many ways detached from reality too.
Shannon, I watch a lot of your videos. This one is probably the best of all the ones I have watched. A very authentic and introspective look at an unfortunate situation.
After Michael Vick declared bankrupt, he paid back all his creditors, damn near 100% of what he owed them. Say what you will about his dog fighting, and no question, it's a scumbag thing to do, but for him to pay back his creditors damn close to 100% is impressive!
Honestly Michael Vick is an example of someone who was a complete d bag and screwed up royally and actually learned from his mistakes and became a better person because of it
he fucked up... but you know what, he came back a better person. hopefully kane takes a lesson from vick
@Zach exactly just like Jordan Belford - wall street wolf - who spent like 2 years in what is essentially a Norwegian prison
@@mkailov13 he also learned from his mistakes. dude even helps dogs now instead of teaching them to fight.
I’m going to pray for him. I knew a guy who would stay in a business that sold tickets for at least 8 hours a day. Always blew his whole check. He actually won $500,000 two years ago... it’s all gone now. He blew it on tickets.
You're always so personal with us and I sincerely appreciate that. Hope Evander gets his crap together, any addiction is tough as hell.
Thanks again man!
The stress from debt and owing sums of money can be stressful and destroy yourself. Self experience here. Bankruptcy wasn't what I wanted to do, but it was the best course of action to get my life back on track.
Shannon. Your willingness to tell personal, relevant stories is huge in setting you apart from everyone else. You should be a proud husband and father.
Heads up to anyone out there who is struggling with gambling issues. There is support out there, people care about you. Big love to you, I know this stuff is hard to watch for people with these issues.
I think it's a symptom of our celebration of excess. My parents taught me that everything should be enjoyed in moderation, a very useful outlook for life.
That isn’t how that works dude
Gambling moderation would be friendly no money bets or small $ bets. You're still gambling but at least you aren't ever losing remotely near your income.
Not trying to moralize here too much; I understand Shannon's point that this impacts everyone regardless of how successful they are.
I think that it's far too easy nowadays to end up in this vicious cycle, where you keep gambling because you're chasing that high. Loot boxes in games are a good example of this, in my mind. Society as a whole encourages that kind of consumption, because it's profitable, I feel.
@@idiotidiot5821 best way to moderate it imo is put $ aside each month for gambling. say $50 a month, every month. can stack it for one particular time of year (for me, the nfl season) or a big trip to the casino. call it throwaway money, because it probably is.
@@mrakashp
Loot boxes are designed to get kids hooked on gambling. Get them to spend twice the cost of a game on an item that gives them an advantage over others
It grooms them to have gambling addictions as adults
Over the years that white board has erased more knowledge than I'll ever have.
Stay Strong !
Hell that board has erased more hockey info in the last week than I've ever had about hockey
This is a serious topic and you handled it in a serious way. Thank you for explaining the topic of gambling addiction. Keep up the great work Shannon.
Love this video and love the understanding of how serious this issue is. Feel bad for him and feel even worse for his family.
It's truly amazing and truly eye-opening to see how issues like this can ruin the lives of people, especially younger people. It's obvious that Evander wasn't prepared to have this sort of windfall of money come into his life and it took him on a detour that he never got out of. It appears that he's admitted the problem and hopefully is starting to grow. I'm guessing that being a parent now and seeing how it damaged his life up until 2020 has opened his eyes. I hope he gets the help he needs and can start on a better path.
I also grew up in a house full of gambling addicts. I think it's a serious issue just like depression and other addictions and I thank you from the bottom of my heart for bringing light to it and having compassion about it.
Nhl teams now have financial planners available for all their members. It used to be that they had no support whatsoever. There are many retired hockey players that are broke. Hopefully with support there will be less in the next generation.
Thanks for your words of wisdom THG. You hit the nail on the head, especially on the payday loans and the sweeteners the penthouse gives to the high rollers. Compound interest working for you is great. But when it works against you it can be quite devastating.
I can just imagine the bench chirping if he comes back this season.
I don't know man. That seems like a low blow considering how serious the situation is.
@@scottbecker4367 sure bud
@@gigatron2008 it's just the low hanging fruit.
@@scottbecker4367 throw someone off there game. Easy pickins
Nah they won’t do him dirty with that kind of chirp. I think nhl players have some line they won’t cross
Man - you are so knowledgeable and smooth in front of the camera, there is no one in the U.S. that could top you. WOW. I'm a lifelong hockey geek outside of Philly and it is SO refreshing to hear this level of talk. I've been to Canada about 15 times, but not for about 15 years and I miss it so much....especially the CBC!!! You are terrific, I'm subscribing to your channel now. (BTW, great personal perspective about Evander Kane...growing up poor humbles you, no matter what the reason. It's easy to judge, but we can't understand what Kane was exposed to.....Gambling is an addiction just like alcohol or opioids.)
Great video Shannon. Thanks for sharing your thoughts interwoven with your own personnal experience. I appreciate your nonsensational, sober and compassionate perspective. Again, thank you for "going there"
well handled topic. The audience was thirsty for something and this was a fair and respectful dive into the details, kudos
thanks for that episode Shannon!
i love all your videos, but that personal story of yours regarding addiction gave me goosebumps.
keep up the great and entertaining work, all the best from Berlin, Germany!
Hey Shannon, if you would like a brief overview, or have questions on how the world of the “high roller” works in Vegas, I am at your service. I’m a pit boss on The Strip.
Anybody can make that claim.
@@raytaylor6412 , one could engage in civil conversation, ask for a business card, and maybe stop by my place of business when international travel is allowed again too. Or just hurl unhelpful comments at strangers. Either one works I suppose.
Dumb question, what does a pit boss do exactly?
@@RickinBaltimore we supervise the dealers, and players. Make sure everything is on the "up and up". We also are the link between the players, and upper management. For high profile guests like Evander, that last part comes into play often.
Thank you for uploading this video. Let’s hope Kane gets the help he needs and he can get things back on track
Really hoping Mr. Kane finds meaningful help and is able to get through this stronger.
You can always count on Shannon to explain us everything we want to know 🤟🏼
Right about the casinos. They're a pedestrian trap. To see many of the cool sights you have to walk through casinos.
I may be barely holding my mental health and life together but i am very grateful that I never gambled. I really couldn't afford that addiction
I went through this due to daytrading. I earned my money through sweat and lost it playing a video game.
Don't tell me it's by EA
@@Redditaurus what’s EA ?
@@hellogo6153 electronic arts. just dont waste your money on their surprise mechanics its not worth it
@@Redditaurus oh I thought it was another EA so way EA runs a gambling site or something cause I’m confused
Never thought I'd hear Shannon talk about crypto
such a bubble rn
Sharks opening night roster : Garbage cans in net, Karlsson in a wheelchair missing a leg, Burns still not playing defense, Kane in the locker room battling the IRS.
Sharks looking good eh?
I'll be honest when they resigned Karlson and gave Kane a huge contract, I really wondered what they were smoking.
Gotta love the Stutzle for one of the worst contacts in the NHL trade.
They could have Tim Stutzle
Karlsson should be 100% back
@@FunWithMemesFunWithMemes as long as him and Burns are on the same team there will be animosity though.
Great video Shannon. You explained this all very well. I agree addictions are very serious and something we have to advocate for.
I think you can see the future because a couple days ago you talked about the issues of the puck and player tracking leading to more gambling. Then the next day this story with Kane’s gambling debts comes out.
Thanks for the video. Well said. An addiction is just that. No condemnation. Appreciate the share from your personal life.
Machines aren't programmed individually to pay out at a certain moment. All the machines in the casino are summed together to maintain a payout % for the whole establishment. Thinking a machine is "due" to payout is death.
Thanks for sharing Shannon. People needs to hear this and help those around them who also have these troubles of gambling
Good video Shannon. I am 23 years clean and sober .I have to be extremely careful around anything to do with gambling. The wiring is very similar.
Such a sad story, but I really appreciate you doing this video
I was a sports reporter in the 80's. I interviewed Tony Esposito in LA just before he retired. He spoke about the abuse of contracts. For both players and the athletes.
Great job Shannon. I and I'm sure many others appreciate everything you do. All the best to you and your family.
this wasn't just a hockey video, it was a bonus life lesson and cautionary tale about gambling, and the danger of being surrounded with the wrong people.
excellent video @The Hockey Guy
Who are you and what did you do with the Hockey Guy? Fancy thumbnails, really?
Shannon I'm glad you covered this topic so well, it's a very honest heartfelt analysis of a terrible situation.
If there's one thing that disappoints me, it's that this video doesn't have more views than it does at this moment.
Thank you.
This video is devastating in the best way. Really good takes all the way through, really level-headed. I’m sorry about the stuff from your past. Gambling is a lot more dangerous than most people give it credit for.
This is really insightful because it comes from the perspective of someone who has some firsthand experience with the troubles that people with gambling have. Really good video!
My father was a big gambler, he would goto foxwoods in connecticut quite alot. He lost the house and his car plus friends and family to the addiction.
Thank you Shannon for explaining it so well, as a twenty year-old I can't say I had much knowledge about bankruptcy and I feel like your video is great for educating people on this subject and on EK's situation
As somebody who works in the field, shame, guilt and embarrassment are some of the biggest struggles for addicts. Hopefully he gets some help and gets his life figured out.
My friend's dad has a gambling problem, like you said whether in darts, poker, billiards, it's all about money. His addiction really factored into his divorce. Actually they had a dog they nicknamed "Gambler." Also, a friend of my dad's would get paid and go straight to the machines. He'd get my dad to sometimes pay him at the bar, so he could immediately gamble. It really is an addiction that can ruin your life.
In 2002, the NFL Players Association set up a Financial Registration Program. Certified financial planners apply to the program, which includes an application fee and annual dues. The CFPs are required to have degrees, be licensed, have years of experience, be bonded/insured, have no criminal history or lawsuits pending, etc. Seeing what's happened to Jack Johnson and now Evander Kane, it's clear that the NHLPA needs to set up a similar program.
My ex brother in law had a bad gambling problem. Always trying to get ahead by gambling and didn't know when he was far enough ahead and always walked away broke.
Great video!!!! It can come at yiu from all sides too. Last time I was in Vegas, I used to go red or black on Roulette, but put in $100 and bet $20. Get $20 and then pay it out. Then maybe do it again and again. Eventually I won $200 just by being very random and opportunistic with it. I figured $100 gave me enough to play with to eventually get that $20 at some point. Well eventually as the days went on in Vegas it didn't and I was down $100. By the end of it, I just felt like a fool. Not doing that again. It can happen so easily though. Between that and the free booze, if you're gambling. Then not all the machines really give you an understanding of how much you're paying out at a time because they assign a random value to your money. If you feel like a fool after gambling, do yourself a favor and just don't go back.
I feel horrible for those with gambling addictions. Most people with these addictions will most likely never get over them until they have no money to gamble away.
Very brave of you to share own personal experiences bud! I'm impressed all the more by you and your channel now. Well done!
I used to go to the same morning skate with him just at the rink next door. He would show up in his 7 series BMW and his LV outfit...
I've seen a lot of stories from professional players (NFL, NBA, MLS, NHL, and others) that went bankrupt some years after retiring from sports.
This makes me wonder if the leagues don't advice the players about money management once they are drafted.
Personal accountability. "Excuses are just lies that you've told yourself to validate a failure or short coming", that is quote from one of my leaders, while I served in the military. I feel that it rings true here. The young and dumb is a favorite for a lot of people. I'm just an average person and I know that I am one catastrophic event away from being in trouble and this past year with Covid has made that even more clear to me. Kane has a luxury that most people don't have and that is the fact that he has come into a large amount of money based off of athletic talent. How hard would it have been to hire a financial advisor from a reputable firm to help manage and invest your money? He's human and as a fellow human I want him to pull through this and be successful but I don't feel sorry for him when it comes to failing to manage his finances. At the end of the day it is on him and it always has been and always will be.
He's got himself in rough spot but he's also put his team in a difficult position should he choose not to play or even if does decide to play.....but for what incentive? He's not likely to be playing for any financial gain anytime soon. Just a bad situation all around.
Even if you have valid excuses to some parts of shortcomings when you stop putting the weight on them and put it on yourself you can push your self reliance up. This is more about a mentality thing and might not even be to this exact situation but it's pretty applicable across the board.
Very fair analysis. Taking known facts and combining them with reasonable speculation for deeper insights in potential reality. Well done.
Here is a saying, "a fool and his money are easily separated"
It doesn't matter how much you make, if you aren't smart with it, you will lose it
A fool and his money were lucky to get together in the first place.
@@zenarcher9633 welcome to major league sports
It's hard to sympathize for him. He isn't exactly a model character.
No he really isn't
Agreed. Multi-millionaire athlete who has repeatedly acted like a douchebag. Guy makes 7mil/year. Play stupid games, win stupid prizes....
@@SluggerStark the sharks ended up being sued because of him.
@@darthvader3742 Oh I know....the dude has made some doozy decisions; not even getting into how some ex teammates view him. Hopefully he learns from this and grows up....
@@SluggerStark i hope so as well not just for his sake but for his family's sake
Remember that scene in Casino with Joe Pesci and the degenerate gambler?
Tell me you gambled the money Evander..
There have been parts of the NHLPA which has been setting up resources for managing finances specifically for post-career. It would be nice to see teams take approaches and have financial resources for their players if they don't already, especially with rookies. Have them set up all those retirement funds, help them budget. The team invests in this person or persons and helps their players avoid this kind of outcome. Its a sad hole to fall into. Especially gambling. Once you start and you win you feel great, but then you lose and try to win in back to dig yourself deeper.
Thanks for making this video. You showed a lot of wisdom. Didn't expect this from a hockey channel but what you have to say is something really important a lot of people should hear.
Gambling is a scary animal. My dad was a hardcore gambler on NFL and NCAA games. The bookie was a phone call away. He was luckier than most, meaning that overall he ended up close to even (at least to my knowledge). But several times he’d lose an entire paycheck - 100 hours in a steel mill - during a bad Sunday. We’d have to go to Grandmas for dinner because there was no food in the house. Many fights between my parents. It can destroy your life.
When i was playing high school baseball and getting scholarships before i got hurt i always said if i make it big the first thing im doing is hiring a financial advisor
5 weeks ago, I bought 10 pounds of pork shoulder, thinking it was on sale -- but it was actually the most expensive kind. Looking at the receipt wondering was it got so expensive, I ended up paying 60 dollars for high-end pork. Unbelievable.
I just finished college and my wallet looks at me funny if I even think about getting five guys or Chipotle as a treat to myself. I can only imagine the pain when you had to pay $60 for some pork shoulder
@@maxorini8222 I know right, I looked at the receipt in the parking lot thinking "should I go back and return it or not", but I decided not too because in the end of the day I had the pork, you know?
Sports Illustrated did an article called "How and Why Athletes Go Broke" and ESPN did a 30 for 30 episode called "Broke". They go over a lot of the issues mentioned here, like gambling, lots of dependents, overspending, not knowing how to handle money so young... it's a story that's been played out in professional sports for years and it's still an issue, no matter how much the leagues try and help.
Yo Shannon, when Kane was a Sabre, he did a Barstool Sport episode called "The Life", (still on TH-cam ) from The Cosmopolitan, and it reeked of an old MTV Cribs with him flashing a huge roll of cash. It was evident he was heading down that slippery slope even then. All those around him were suckling from his purse strings. An age old tale, oft told.