Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court Wednesday, according to federal court records.
The Super Bowl champion filed in the U.S. Bankruptcy Court for the Northern District of Texas and reported more than $3.45 million in debt. The 26-year-old claimed $2.1 million of that debt stemmed from lawsuits.
Rice was sued by multiple victims of a 2024 high-speed, multicar crash in Dallas. He is also being sued by an ex-girlfriend who alleges he assaulted her between 2023 and 2025.
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Kansas City Chiefs wide receiver Rashee Rice (4) before an NFL game between the Baltimore Ravens and Kansas City Chiefs on September 5, 2024 at GEHA Field at Arrowhead Stadium in Kansas City, MO. (Scott Winters/Icon Sportswire via Getty Images)
Rice listed his Super Bowl LVIII ring, valued at $160,000, as collateral with Thomas McMurray, his attorney in the pending civil litigation, according to court documents.
OutKick reached out to McMurray, the Chiefs, and Rice’s bankruptcy attorney for comment but did immediately get a response from any of them.
When Rice was drafted, he signed a four-year, $6,495,208 contract with the Chiefs. Chapter 7 bankruptcy is intended for “individuals who have financial difficulty preventing them from paying their debts and who are willing to allow their non-exempt property to be used to pay their creditors,” according to Rice’s bankruptcy filing.
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Kansas City Chiefs wide receiver Rashee Rice (4) warms up with teammates before an NFL football game against the Las Vegas Raiders Sunday, Oct. 19, 2025, in Kansas City, Missouri. (AP Photo/Charlie Riedel)
According to the documents, Rice reported $677,054 in personal assets , including $421,825 in “deferred compensation.” Rice owes his largest creditor $979,837 as part of a 2025 civil settlement related to the crash, according to the documents.
The documents show Rice disputes certain debts associated with the pending civil lawsuits. Victims of the 2024 crash filed lawsuits seeking a combined $700,000, while his ex-girlfriend filed a lawsuit seeking $200,000 over the alleged assault.
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Rashee Rice of the Kansas City Chiefs scores a receiving touchdown in front of Malik Hooker #28 of the Dallas Cowboys during the first quarter in the game at AT&T Stadium on Nov. 27, 2025 in Arlington, Texas. (Stacy Revere/Getty Images)
Rice reported renting a residence and listed $39,241 in nonexempt personal assets, according to the documents. He also reported $13,640 in checking accounts.
Rice has been limited to five games this season because of an injury. He has 20 receptions for 243 yards and two touchdowns.