Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in Texas, listing more than $3.5 million in debt against approximately $677,000 in assets. The filing, made Wednesday in the Northern District of Texas, comes as the 26-year-old plays out the final year of his rookie contract.
Rice’s financial troubles are largely tied to civil litigation, including a significant settlement related to a 2024 Dallas car crash and allegations from a former girlfriend. The bankruptcy documents reveal he used his Super Bowl LVIII ring and a Mercedes-Benz as collateral for legal fees.
Rice’s Financial Statement: Assets vs. Liabilities
In his bankruptcy petition, Rice listed personal assets totaling $677,054. This amount includes $421,825 in deferred compensation from his NFL contract. His other assets consist of a 2023 Mercedes-Benz valued at $53,800 and his Super Bowl ring, which he appraised at $160,000 and had put up as collateral. He also reported just $13,640 across his checking accounts and stated he rents his home, owning no real property.
The contrast with his liabilities is stark. Rice claims debts totaling nearly $3.5 million. Over $2.1 million of this figure is attributed to civil lawsuits, stemming from the 2024 Dallas crash and assault allegations.
Largest Debts Tied to Dallas Crash and Assault Allegations
The largest single creditor listed in Rice’s bankruptcy is tied to a 2025 civil settlement connected to the Dallas crash. He reportedly owes $979,837 to a crash victim, which represents the remainder of a $1 million settlement that has not yet been garnished from his wages.
Rice also disputes other potential liabilities from the same incident. According to the bankruptcy petition, more than $2 million is owed to six individuals who were injured in the accident, with some amounts stemming from settled claims and others still being contested.
In a separate matter, Rice lists a disputed $200,000 debt owed to his ex-girlfriend, Dacoda Jones. This amount is connected to a civil lawsuit she filed in February, accusing him of multiple physical assaults during their relationship from December 2023 to July 2025. The NFL did not impose any additional sanctions on Rice following these allegations.
Rice Faces NFL Suspension After Conviction
The civil litigation is directly linked to a criminal case. In July 2025, Rice pleaded guilty to third-degree felony charges of collision involving serious bodily injury and racing on a highway causing bodily injury. He was subsequently sentenced to 30 days in jail and five years of probation.
The league suspended Rice for the first six weeks of the 2025 season for violating the NFL’s personal conduct policy. His probation was later revoked after he tested positive for cannabis and was found to have violated other conditions, leading to an additional 30-day jail sentence this year.
Rice's Income Falls Short Despite Contract
Rice is in the final season of his four-year rookie contract with the Chiefs, which is worth a total of $6.5 million. His base salary for the 2026 season is $1.6 million. According to his bankruptcy filing, his total monthly income from the Chiefs is $59,512.44, but after payroll deductions and expenses, he nets only $3,610.31.
Despite his on-field productivity—20 catches for 243 yards and two touchdowns in five games this season—the financial strain is significant. His next NFL contract could provide relief, but the bankruptcy proceedings may complicate his financial situation moving forward.
Debts and Assets of Rice's Bankruptcy
- What led to Rashee Rice’s bankruptcy filing?
- Rice filed for Chapter 7 bankruptcy in Texas, citing more than $3.5 million in debt, largely from civil lawsuits connected to a 2024 car crash in Dallas and assault allegations from a former girlfriend.
- How much does Rashee Rice owe to his creditors?
- Rice lists debts totaling nearly $3.5 million. The largest single debt is $979,837 tied to a settlement with a crash victim. He also owes $200,000 to his ex-girlfriend as part of a disputed civil judgment.
- What assets does Rashee Rice have?
- Rice’s assets are valued at approximately $677,054 and include a 2023 Mercedes-Benz, his Super Bowl LVIII ring (valued at $160,000), and deferred compensation from his NFL contract.
- What happened in the 2024 Dallas car crash?
- Rice pleaded guilty to felony charges related to the crash, which left multiple people injured. He was sentenced to 30 days in jail and five years of probation. The NFL suspended him for the first six weeks of the 2025 season for violating the personal conduct policy.
- How long is Rashee Rice’s contract with the Chiefs?
- Rice is playing the final year of his four-year rookie contract, which has a total value of $6.5 million. He approaches free agency in March.
Earlier coverage: Rashee Rice Files for Chapter 7 Bankruptcy in Federal Court
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