Sep 29, 2024; Inglewood, California, USA; Kansas City Chiefs wide receiver Rashee Rice (4) leaves the field following the game against the Los Angeles Chargers at SoFi Stadium. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images
Chiefs Star Rashee Rice’s Financial Hole Exposed in New $3.45M Bankruptcy Filing 1
Rashee Rice made his return count in the Kansas City Chiefs’ 28-24 Week 8 loss at Denver last Sunday. The wide receiver caught seven passes for 53 yards and a touchdown in his first game since a Week 4 hamstring injury. Kansas City dropped a second straight game, but a very different headline about Rice followed on Thursday, far away from the football field.
Rashee Rice bankruptcy filing lists $3.45 million in debt
Rice filed for Chapter 7 bankruptcy in Texas on Wednesday, according to court records cited by ESPN. The filing lists $3.45 million in debt against $677,000 in assets, TMZ reports.
Chapter 7 is a liquidation process, which means non-exempt property can be sold to repay creditors. TMZ reports Rice listed only $13,640 in his bank accounts. He also named his Super Bowl ring, valued at $160,000, as collateral for his attorney.
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Sep 14, 2026; Kansas City, Missouri, USA; Kansas City Chiefs wide receiver Rashee Rice (4) kicks the ball after scoring a touchdown against the Denver Broncos during the game at GEHA Field at Arrowhead Stadium. Mandatory Credit: Denny Medley-Imagn Images
Most of the debt stems from civil litigation. TMZ reports more than $2.1 million is tied to lawsuits over the 2024 Dallas crash, and Rice still owes $979,837 from one settlement.
The Associated Press adds that he is disputing about $700,000 in claims from crash victims and $200,000 from a former girlfriend who accused him of assault. Rice contested those accusations, and the NFL declined to discipline him.
Rice is in the final year of a four-year, $6.5 million rookie contract with a $1.6 million base salary. He has played five games this season, with 20 catches and two touchdowns.
The filing also follows another legal setback that kept him away from the team earlier this year.
Jail time and NFL uncertainty defined Rice’s offseason
Rice’s trouble away from football did not begin this week. Earlier this year, he served 30 days in jail for violating probation tied to that crash after a positive THC test.
In August, he addressed the experience publicly for the first time since his release. “It was a learning experience and a reality check,” Rice told ESPN.
The NFL was not expected to add another suspension, according to NFL Network’s Ian Rapoport. Rice had already served six games for the 2024 crash, and he was available for Kansas City’s Week 1 win over Denver. He also had knee surgery the week before the sentence began.
On Thursday, the day the filing became public, Rice was a full participant in practice, according to the Chiefs’ injury report.
Kansas City sits at 5-2 and second in the AFC West t after back-to-back losses. The Chiefs host the 2-6 New York Jets on Sunday at 1 p.m. ET at Arrowhead Stadium, where they will try to stop the slide.
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