Super Bowl champion wide receiver Rashee Rice files for Chapter 7 bankruptcy, reports $3.45 million in debt

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court on Wednesday, federal court records show.

The Super Bowl champion filed a lawsuit in the U.S. Bankruptcy Court for the Northern District of Texas and declared a debt of more than $3.45 million. The 26-year-old claimed $2.1 million of that debt came from lawsuits.

Rice was sued by several victims of a high-speed multi-car crash in Dallas in 2024. 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 the Kansas City Chiefs on September 5, 2024 at GEHA Field at Arrowhead Stadium in Kansas City, Missouri. (Scott Winters/Sportswire Icon via Getty Images)

Rice listed his Super Bowl LVIII ring, valued at $160,000, as collateral with Thomas McMurray, his attorney in the ongoing civil litigation, according to court documents.

OutKick reached out to McMurray, the Chiefs and Rice’s bankruptcy attorney for comment, but immediately got a response from one of them.

When Rice was drafted, he signed a four-year contract worth $6,495,208 with the Chiefs. Chapter 7 bankruptcy is for “individuals who have financial difficulties preventing them from paying their debts and who are willing to allow their nonexempt assets 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 $979,837 to its largest creditor as part of a 2025 civil settlement related to the accident, documents show.

The documents show that Rice disputes certain debts associated with the pending civil lawsuits. Victims of the 2024 crash filed a lawsuit seeking a total of $700,000, while his ex-girlfriend filed a lawsuit seeking $200,000 for the alleged assault.

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Rashee Rice of the Kansas City Chiefs scores a touchdown past Malik Hooker #28 of the Dallas Cowboys during the first quarter of the game at AT&T Stadium on November 27, 2025 in Arlington, Texas. (Stacy Revere/Getty Images)

Rice said he rented a residence and listed $39,241 in non-exempt personal property, records show. He also reported $13,640 in checking accounts.

Rice has been limited to five games this season due to injury. He has 20 receptions for 243 yards and two touchdowns.