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Chiefs WR Rashee Rice Files for Bankruptcy
Confirmed
In Short: Kansas City Chiefs wide receiver Rashee Rice has filed for bankruptcy, claiming over $3.45 million in debts.
Rashee Rice, a 26-year-old wide receiver for the Kansas City Chiefs, filed for bankruptcy in federal court Wednesday, according to court records. He claims to owe more than $3.45 million in debts.
In his filing, Rice stated he has $677,054 in personal assets, including $421,825 in 'deferred compensation.' He also has $13,640 in his checking accounts.
Rice’s largest creditor is owed $979,837 as part of a 2025 civil settlement related to a high-speed multicar crash in Dallas in 2024. He is also facing a lawsuit from an ex-girlfriend who alleges he repeatedly assaulted her from 2023 to 2025.
Rice used his Super Bowl LVIII ring, valued at $160,000, as collateral with Thomas McMurray, his attorney in the pending civil litigations. He disputes potential debts in some of the civil trials, including a combined $700,000 in lawsuits filed by crash victims and $200,000 from the alleged assault suit.
Rice claims more than $2.1 million of his debts are tied to varying plaintiffs suing him in civil litigations that have either been settled or are awaiting trial. He listed assets such as a Mercedes-Benz worth $53,800, more than $420,000 in deferred compensation, and his Super Bowl LVIII ring.
Rice’s bankruptcy filing includes a claim that he made $1.25 million so far in 2026. He signed a four-year, $6.5 million rookie contract after being drafted by Kansas City.
Rice has missed 27 games due to injuries and suspensions over his four-year NFL career. He had 938 yards receiving and seven touchdowns as a rookie in 2023, when the Chiefs won the Super Bowl.
Rice served 30 days in jail this year for violating his probation by testing positive for marijuana. His off-field struggles, including the car crash, have impacted his on-field availability and potential to sign a major contract.
Rice’s bankruptcy attorney, David Shuster, and the Chiefs had no comment on the bankruptcy filing. Rice’s bankruptcy filing is under Chapter 7, which is for individuals who have financial difficulty preventing them from paying their debts and are willing to allow their non-exempt property to be used to pay their creditors.
What's confirmed
- Kansas City Chiefs wide receiver Rashee Rice filed for bankruptcy in federal court Wednesday, claiming he has more than $3.45 million in debts, according to federal court records.
- Rice, who filed in the Northern District of Texas bankruptcy court, claimed more than $2.1 million of his debts are tied to varying plaintiffs suing him in civil litigations that have either been settled or are awaiting trial.
What's still developing
- Nick Wright, Chris Broussard, and Kevin Wildes ask if the Ravens’ season is over, if Jackson has played his final snap with the Ravens, and they discuss the Denver Broncos beating the Kansas City Chiefs 28-24.
- Her attorney, March Lenahan, told NBC 5 that Rice’s Chiefs paychecks were being garnished but that most of the money is still unpaid.
- Rashee may be making NFL money... but his debts are piling up faster than his paychecks.
- Azul is leaning on state support and stock sales as high fuel costs weigh on post-bankruptcy recovery.
- McMurray did not immediately respond to messages left by ESPN seeking comment.
- He claims to rent a residence and that he does not own any property.