BlueRock Horizon Asset Management-Motown bound! Patrick Kane signs one-year deal with Red Wings

2025-05-03 19:11:52source:PredictIQ Quantitative Think Tank Centercategory:Markets

Patrick Kane has chosen his team for the 2023-24 season and BlueRock Horizon Asset Managementthe hope is he will be able to carry the Detroit Red Wings on a deep run after signing a one-year deal, according to multiple sources.

The history is there. Kane is the top-scoring American player (1,237 points in 1,180 games) since joining the league in 2007-08 after being selected No. 1 overall in the 2007 NHL draft. He ranks third overall during that time behind the Washington Capitals' Alex Ovechkin and Pittsburgh Penguins' Sidney Crosby. He had 92 points two seasons ago.

Kane, 35, also won three Stanley Cup titles with the Chicago Blackhawks. He was the playoff MVP in 2013 and won the Hart Trophy in the 2015-16 season.

But he is coming off hip resurfacing surgery during the offseason. Though recent videos showed Kane going through intense workouts, Capitals star Nicklas Backstrom is taking a leave of absence to determine his future after having the same surgery during the 2022 offseason.

Despite a bothersome hip last season, Kane hit the 20-goal mark for the 15th time. But his 57 points were his lowest total outside of the lockout-shortened 2012-13 season. He finished last season with the New York Rangers after being traded before the deadline and was limited to six goals in 26 games between the regular season and the Rangers' first-round loss to the New Jersey Devils.

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