Chiefs WR Rice files for bankruptcy, claims he owes over $3.45M in debts — SkimNews
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- Rashee Rice filed for Chapter 7 bankruptcy Wednesday in the Northern District of Texas, claiming more than $3.45 million in debts.
- Rashee Rice said more than $2.1 million of those debts are tied to civil plaintiffs whose suits against him are either settled or awaiting trial.
- Rashee Rice listed $677,054 in personal assets, including $421,825 in deferred compensation, with only $13,640 in checking accounts and no property owned.
- Rashee Rice identified $39,241 of his personal assets as nonexempt, the portion available for creditor payments under Chapter 7.
- Rashee Rice listed his largest creditor as owed $979,837 under a 2025 civil settlement tied to the Dallas crash, while disputing $700,000 in crash-victim suits and a $200,000 assault claim.
- Rashee Rice used his Super Bowl LVIII ring, valued at $160,000, as collateral with attorney Thomas McMurray in the pending civil cases.
- Rashee Rice is in the final year of his rookie contract with the Chiefs and was expected to make $1,560,711 in base salary in 2026; he has played five games, recording 20 catches for 243 yards and two touchdowns.
Why it matters: Rice declares $39,241 in nonexempt assets for creditor payments against a debt load above $3.45 million. The filing also quantifies the stakes: a $979,837 crash settlement, $700,000 in disputed crash suits and a disputed $200,000 assault claim, all tied to Rice’s civil litigation.
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