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, who is in the final year of his rookie contract, says he is carrying more than $3.45 million in debt. More than $2.1 million of that total is tied to plaintiffs in civil cases that have either already settled or are still pending trial.
At the same time, the filing says Rice has $677,054 in personal assets. That figure includes $421,825 in deferred compensation.
He also listed a Mercedes-Benz and a Super Bowl LVIII ring valued at $160,000. The filing says he pledged the ring as collateral for his attorney’s legal fees.
A big chunk of the debt comes from the March 2024 crash in Dallas. Rice owes $979,837 under a 2025 civil settlement connected 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 troubles flared back up in May, when he was jailed for violating his probation. He 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 term. The NFL handed him a six-game suspension, and he returned in Week 7 of the 2025 season.
Rice later served his sentence 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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