On Monday morning, NHL insider Elliotte Friedman confirmed that the Sharks had actually cancelled Kane's contract, devastating news for Kane, who now stands to lose a whopping $22,885,000 in real money as a result of the decision.
According to expert insider, Eliotte Friedman, Kane will potentially get some of that money back, if the NHLPA files a grievance on his behalf.
Also, according to NHL analyst Pierre LeBrun, Kane's agent, Dan Milstein, has had a lot of attention as an unrestricted free agent. As a result of the increased rivalry for Kane's services, the price of his next deal as a free agent will rise.
Kane's next contract, according to LeBrun, will be for the balance of the current NHL season, which means he might return sooner rather than later.