Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy, according to federal court documents reported by WFAA.
The filing comes as Rice remains in the final year of his rookie contract and after legal issues that surfaced again in May, when he was jailed for violating his probation. In the bankruptcy paperwork, Rice says he is carrying more than $3.45 million in debt while listing $677,054 in personal assets.
More than $2.1 million of that debt is tied to plaintiffs in civil cases that have either settled or are still pending trial. Rice’s listed assets include $421,825 in deferred compensation, plus 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 large portion of the debt stems 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 requiring him to pay a crash victim $1 million, along with interest and attorney fees. NBC DFW reported that most of that amount is still unpaid, even though Rice’s Chiefs paychecks were reportedly being garnished.
Rice pleaded guilty in July 2025 to two felony charges tied to the crash. As part of that plea, he received five years of probation and a 30-day jail sentence.
The NFL suspended him for six games, and he returned in Week 7 of the 2025 season. Rice later served the jail 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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