Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court Wednesday, listing over $3.45 million in debts. The 26-year-old receiver claimed more than $2.1 million of his obligations stem from civil litigations, including suits related to a 2024 high-speed multicar crash in Dallas and an ex-girlfriend's assault allegations spanning 2023 to 2025. Rice's filing reveals just $677,054 in personal assets, consisting of $421,825 in deferred compensation and $13,640 in checking accounts.
He claims to rent his residence and owns no property. His largest creditor is reportedly owed $979,837 from a 2025 civil settlement tied to the crash. Rice used his Super Bowl LVIII ring, valued at $160,000, as collateral with attorney Thomas Mc Murray.
The filing notes Rice claimed $39,241 in nonexempt assets. Rice is disputing potential debts totaling $700,000 from 2024 crash victims and $200,000 from the assault suit. Rice is in the final year of his rookie contract and is expected to earn $1,560,711 in base salary this season.
He has played in five games with 20 catches for 243 yards and two touchdowns.
Source: ESPN NFL · Summarized by HeadlinesBriefing