Kansas City Chiefs wide receiver Rashee Rice has taken a major legal step, filing for Chapter 7 bankruptcy on Wednesday, according to federal court documents reported by WFAA.
Rice, 26, is in the final year of his rookie contract and says he is more than $3.45 million in debt. More than $2.1 million of that amount is connected to plaintiffs in civil cases that have either already settled or are still headed toward trial.
The filing also says Rice has $677,054 in personal assets. That figure includes $421,825 in deferred compensation.
Among the items he listed were a Mercedes-Benz and a Super Bowl LVIII ring valued at $160,000. According to the filing, he pledged the ring as collateral for his attorney’s legal fees.
A large chunk of the debt comes from the March 2024 crash in Dallas. Rice owes $979,837 under a 2025 civil settlement tied to that incident.
A judge also entered judgment ordering him to pay a crash victim $1 million, plus interest and attorney fees. NBC DFW reported that most of that money is still unpaid, though Rice’s Chiefs paychecks were reportedly being garnished.
Rice’s legal issues flared again in May, when he was jailed for violating his probation. He later pleaded guilty in July 2025 to two felony charges tied to the crash.
That plea brought five years of probation and a 30-day jail sentence. The NFL suspended him six games, and he returned in Week 7 of the 2025 season.
Rice later served the 30-day term and was released from Dallas County Jail on June 16.
Rice’s bankruptcy attorney, David Shuster, and the Chiefs both declined to comment. A creditors’ meeting is scheduled for December 11, according to the filing.
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