Kansas City Chiefs receiver Rashee Rice files for bankruptcy
Summarised from 2 outlets · Updated 5 Nov, 23:21 · Archive
Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy owing more than $3.2 million, largely from settlements tied to a car crash.
Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in Dallas on 4 November, federal court documents show. The fourth-year player, drafted in the second round of the 2023 NFL Draft, owes $3.2 million to 20 creditors while claiming assets of just over $675,000. The debts stem from settlements and legal fees tied to a six-car crash Rice caused on Easter morning in 2024, to which he pleaded guilty to two felony charges.
Rice's listed assets include a Mercedes-Benz worth $53,800, more than $420,000 in deferred compensation and his Super Bowl LVIII ring, valued at $160,000 according to court documents. He holds no home or other real estate, with cash deposits totalling $13,640 across three bank accounts. Court documents show Rice claimed $1.25 million in income so far in 2026.
Rice signed a four-year, $6.5 million rookie contract and is set to become a free agent at the end of the 2026 NFL season. His ability to secure a major contract may be affected by both off-field struggles and on-field availability; he has missed 27 games over four years due to injuries and suspensions, including multiple games this season with a hamstring injury.
How it is being reported
- Chiefs WR Rashee Rice files for bankruptcy over debt tied to Dallas car crashRice, a fourth-year wide receiver who was drafted in the second round of the 2023 NFL Draft by the Chiefs, owes millions of dollars in settlements and legal fees as a result of a six-car crash he caused in 2024.KY3 · 5 Nov, 20:59
- Chiefs WR Rashee Rice files for bankruptcy over debt tied to Dallas car crashRice, a fourth-year wide receiver who was drafted in the second round of the 2023 NFL Draft by the Chiefs, owes millions of dollars in settlements and legal fees as a result of a six-car crash he caused in 2024.KCTV5 · 5 Nov, 20:59
In this story: Rashee Rice · Kansas City Chiefs · Dallas · Texas
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