Financial Troubles in Court
Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in federal court. Court records from the Northern District of Texas show that the 26 year old receiver claims to owe more than $3.45 million in debts.
A large portion of his financial trouble comes from legal claims. Rice stated in the filing that over $2.1 million of his total debts are tied to civil lawsuits from various plaintiffs. These legal cases are either settled already or currently awaiting trial.
Legal Claims and Crash Settlements
The legal issues stem from multiple incidents in recent years. Rice faced lawsuits from several people following his role in a high speed multicar crash in Dallas in 2024. An ex girlfriend also sued him, alleging that he repeatedly assaulted her from 2023 to 2025.
His largest single creditor is still owed $979,837 as part of a 2025 civil settlement related to the car crash. Rice is actively disputing other potential debts in court, including a total of $700,000 in lawsuits filed by crash victims and $200,000 connected to the assault suit.
Listed Assets and Super Bowl Ring
In the filing, Rice claimed to have $677,054 in total personal assets. That figure includes $421,825 in deferred compensation and $13,640 in his checking accounts. Rice rents his residence and reported that he does not own any real estate property. He listed $39,241 of his personal assets as nonexempt.
To cover legal work, Rice used his Super Bowl LVIII championship ring as collateral. The ring, which he valued at $160,000, was handed over to Thomas McMurray, his attorney in the civil litigations.
Contract Status and On Field Stats
Rice is currently in the final year of his rookie contract with Kansas City. He is scheduled to earn a base salary of $1,560,711 in 2026. On the field this season, he has appeared in five games, catching 20 passes for 243 yards and two touchdowns.
His bankruptcy lawyer, David Shuster, along with the Chiefs, offered no comment regarding the court filing. McMurray did not respond to requests for comment.
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