McCarty Files for Bankruptcy
The Detroit Free Press is reporting that Darren McCarty has filed for bankruptcy.
Gambling and the NHL are once again in the news as casinos are listed as some of his creditors and McCarty has never shied away from being a poker lover.
In documents submitted to U.S. Bankruptcy Court in Detroit, McCarty, 34, lists assets of $1.9 million and debts of $6.2 million—including at least $185,000 to casinos in Detroit and Las Vegas.
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McCarty, who has talked publicly about his love for poker, lists debts of $100,000 to the Bellagio casino and $60,000 to the Palms casino, both in Las Vegas. He owes $25,000 to the MotorCity Casino in Detroit, court papers say.
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Fried said he understood the casino money involved gambling debts, but he said he did not know any details. McCarty was quoted as saying in the Calgary Sun in January that he loves poker and would like to play someday in the World Series of Poker.
“Poker is a game that helps you get tougher mentally,” he told the paper as he prepared to play in a poker tournament at a Calgary casino.
While it’s hard for the average guy to relate, the lockout certainly took a hit on McCarty’s wallet, and so did his ex-wife:
McCarty listed his income as $2.1 million in 2003, $1.5 million in 2004 and $193,959 in 2005. A lockout of NHL players canceled the 2004-2005 season.
According to court documents, McCarty received $538,729 from the Red Wings when they bought out his contract in July, but 75% of that—$404,046—went to his ex-wife, Cheryl McCarty.
The McCarty Cancer Foundation has not been affected.
Update Apr 14 230am: NHL veteran McCarty embarrassed by bankruptcy - Calgary forward denies gambling debts were related to sports betting
“I want to make a point to say, I want everybody to know, as far as some of the gambling debts, not one cent was on any type of sports betting,” McCarty insisted yesterday after a Detroit newspaper outlined the extent of his financial mess.
“It’s something I was up front with from the start. [Flames coach] Darryl Sutter was aware of it. [Team president] Ken King was aware of it. It’s something I was not proud of because it drags a lot of people into it.”
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