Kansas City Chiefs wide receiver Rashee Rice is facing a major financial setback after filing for Chapter 7 bankruptcy, revealing more than $3.45 million in debt against approximately $677,054 in reported assets. The NFL star’s latest bankruptcy filing has attracted attention because it includes his Super Bowl LVIII championship ring, valued at $160,000, among his listed assets and reportedly used as collateral.
The filing, submitted on November 4, 2026, in the U.S. Bankruptcy Court for the Northern District of Texas, comes as Rice continues to deal with the financial and legal consequences of a high-speed car crash in Dallas in March 2024.
For the Chiefs receiver, the situation creates additional uncertainty away from football, particularly with his rookie contract approaching its end and questions surrounding his long-term future in Kansas City.
Rashee Rice Reports $3.45 Million in Debt in Bankruptcy Filing
According to reports from ESPN and The Athletic, Rashee Rice listed more than $3.45 million in total liabilities in his Chapter 7 bankruptcy filing. More than $2.1 million is connected to civil lawsuits and legal disputes.
His reported assets total approximately $677,054, leaving a substantial gap between what he owns and what he owes.
Among the assets included in the filing are:
|
Asset |
Reported value |
|---|---|
|
Super Bowl LVIII ring |
$160,000 |
|
2023 Mercedes-Benz |
$53,800 |
|
Deferred compensation |
$421,825 |
|
NFL jerseys and hats |
$5,000 |
|
Apartment lease |
$3,500 |
|
Checking accounts |
$13,600 |
The Super Bowl ring is one of the most notable items in the filing. Rice earned the championship ring after Kansas City defeated the San Francisco 49ers in Super Bowl LVIII in February 2024.
According to the reported bankruptcy details, the ring is also being used as collateral.
Why Is Rashee Rice Facing Financial Problems?
Much of Rice’s financial trouble stems from a March 30, 2024, accident on a Dallas highway.
Rice was driving a Lamborghini Urus at approximately 119 mph when he lost control, triggering a crash involving four other vehicles. Several people suffered injuries in the incident.
The accident resulted in multiple legal proceedings and financial claims against the Chiefs wide receiver.
In April 2025, one of the victims, Kathryn Kuykendall, reached a reported $1 million civil settlement with Rice. However, the settlement payments did not arrive as expected.
In July 2025, her attorney reportedly said that Rice had no available money in his bank account when the first payment became due.
Rice later pleaded guilty to two third-degree felony charges connected to the crash in July 2025. He received five years of probation and a 30-day jail sentence.
The legal issues did not end there. In February 2026, his former girlfriend, Dacoda Jones, filed a civil lawsuit accusing him of assault on multiple occasions and seeking $1 million in damages. These remain allegations in a civil lawsuit and should not be treated as established findings of guilt.
Rashee Rice’s Biggest Creditors and Outstanding Debts
The bankruptcy filing also provides details about several significant financial obligations.
Reports indicate that Rice’s largest creditor is connected to the 2024 Dallas crash, with approximately $979,837 listed as owed.
Other reported financial obligations include:
-
Approximately $700,000 connected to lawsuits filed by crash victims.
-
Around $200,000 related to the civil lawsuit filed by his former girlfriend.
-
$185,226.45 owed to his attorney, Thomas McMurray.
-
$207,104.40 owed to First National Bank of Middle Tennessee for business debt backed by a personal guarantee.
The bankruptcy process will determine how eligible assets are handled and how creditors may receive payments.
Rashee Rice Contract: How Much Does the Chiefs Receiver Earn?
The financial filing has also brought renewed attention to the Rashee Rice contract with the Kansas City Chiefs.
Kansas City selected Rice in the second round of the 2023 NFL Draft. He signed a four-year rookie contract reportedly worth approximately $6.5 million.
His 2026 base salary is approximately $1.6 million, and he is now approaching the end of his original rookie deal.
That makes his next contract an important subject for both Rice and the Chiefs.
A potential contract extension could provide long-term financial security, but his legal situation, availability and on-field performance could influence negotiations.
As of November 2026, no new long-term extension has been confirmed in the supplied reports.
Rashee Rice 2026 Season Stats: Chiefs Receiver’s Performance
Rice has experienced a challenging 2026 campaign, with injuries and other setbacks affecting his availability.
Through five appearances this season, he has recorded:
|
Statistic |
2026 |
|---|---|
|
Games played |
5 |
|
Receptions |
20 |
|
Receiving yards |
243 |
|
Receiving touchdowns |
2 |
Hamstring and knee issues have also limited his participation in practice.
His current production is below the expectations created by his impressive start to his NFL career.
During his rookie season in 2023, Rice recorded 938 receiving yards and seven touchdowns. He then helped Kansas City capture another championship by defeating San Francisco in Super Bowl LVIII.
However, his career momentum was interrupted by the 2024 crash and its consequences.
NFL Suspension Added Another Setback to Rice’s Career
Rice also missed the first six games of the 2025 NFL season after receiving a suspension for violating the league’s personal conduct policy.
His legal proceedings and subsequent punishment created additional challenges as he attempted to establish himself as one of Patrick Mahomes’ important receiving options.
Now, with bankruptcy proceedings adding another complication, Rice faces significant decisions about his finances and football career.
What Happens Next for Rashee Rice and the Kansas City Chiefs?
Rice’s Chapter 7 bankruptcy filing represents a significant development in his personal financial situation. The court will determine how the bankruptcy process proceeds and how eligible assets are distributed among creditors.
Meanwhile, the Chiefs must consider his future as his rookie contract approaches its conclusion.
Rice remains a talented young receiver who has already experienced success at the highest level of professional football. However, his legal challenges, injury concerns and financial difficulties have created uncertainty around his long-term future.
His $160,000 Super Bowl ring is a reminder of his championship achievements with Kansas City. But the latest bankruptcy filing highlights the serious challenges he must now address away from the field.
For now, attention will remain on the bankruptcy proceedings, his recovery and performance during the 2026 NFL season, and whether the Chiefs eventually offer him a new contract.
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