Kansas City Chiefs Wide Receiver Rashee Rice Files for Bankruptcy

Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in the Northern District of Texas, citing debts exceeding $3.45 million. The filing, submitted on Wednesday, highlights significant financial strain stemming from various civil lawsuits and legal obligations that have accumulated over the past two years.

According to the court documents, the majority of the debt—approximately $2.1 million—is tied to plaintiffs involved in civil litigation. These cases include claims related to a high-speed multi-vehicle collision in Dallas in 2024, as well as allegations from an ex-girlfriend regarding repeated assault between 2023 and 2025. Rice, 26, is currently disputing several of these potential debts, including $700,000 in lawsuits from the 2024 crash and $200,000 associated with the assault allegations.

A significant detail in the filing involves the use of his Super Bowl LVIII ring as collateral. Rice valued the ring at $160,000 and pledged it to his attorney, Thomas McMurray, who is representing him in the pending civil matters. The largest single debt listed is a balance of $979,837, which remains owed as part of a 2025 civil settlement connected to the Dallas crash.

Chapter 7 bankruptcy is intended for individuals facing financial hardship who are prepared to have nonexempt assets liquidated to satisfy creditors. Representatives for the Kansas City Chiefs and Rice’s bankruptcy attorney, David Shuster, declined to comment on the filing, while McMurray did not immediately respond to requests for comment.

On the field, Rice is currently playing in the final year of his rookie contract with the Chiefs, with a scheduled base salary of $1,560,711 for 2026. Through five games this season, he has recorded 20 receptions for 243 yards and two touchdowns.