Chiefs Star Goes Bankrupt Mid-Season, Pawns Super Bowl Ring as Collateral
A Kansas City Chiefs wide receiver is being accused of running from responsibility even faster than he runs from defenders.
Rashee Rice filed for Chapter 7 bankruptcy on Wednesday, saying his debts are more than $3.45 million, according to the New York Post. He has a base salary of $1.6 million this year.
Much of the debt comes from civil settlements in lawsuits from a 2024 crash in Dallas.
In that March 2024 crash, Rice pleaded guilty to two felonies — one count of racing on a highway causing bodily injury and one count of collision involving serious bodily injury.
Kansas City Chiefs receiver Rashee Rice has filed for bankruptcy, claiming $3.5 million in debts, most of it connected to civil litigation involving his high-speed crash in Texas and allegations of assault by a former girlfriend.
The filing made Wednesday in Texas lists $677,054 in personal assets, including $421,825 in what is listed as deferred compensation. Rice is in the final year of a four-year rookie contract with a total value of $6.5 million and a 2026 base salary of $1.6 million.
(Via AP)
— Bleacher Report (@BleacherReport) November 6, 2026
A multicar accident took place after Rice crashed the 2020 Lamborghini Urus SUV he was driving at speeds topping 100 miles per hour. Rice ran from the scene of the crash, according to the New York Post.
The NFL suspended him for six games in 2025 for the stunt.
Unpaid claims also include $200,000 to former girlfriend Dacoda Jones, who has accused Rice of abuse, according to The New York Times, which cited Rice’s bankruptcy filing.
He also has $979,837 left to pay crash victim Kathryn Kuykendall after paying out $206,673.81 between 2025 and 2026. Another $650,000 in payouts to crash victims were listed.
Rice meanwhile owes attorney Thomas McMurray $185,226.45.
Rice’s Super Bowl LVIII ring, valued at $160,000, is being used as collateral.
Wednesday’s filing says Rice’s current monthly income is $32,640.31.
Attorney Kyle Coker, who represents The Classic Lifestyle Lamborghini rental company, which owned the rental vehicle Rice was driving, lashed out at the athlete after the bankruptcy filing, according to TMZ.
“I think the only reason Rashee Rice filed for bankruptcy was to avoid the impending jury trial related to injuring others during his drag-racing escapades,” he said.
Rice has not paid what he owes the company, Coker said.
“I believe Rice’s actions from the start, continuing through his attorney’s original ‘he’s just a kid, give him a break’ speech through Rice’s subsequent legal troubles, have shown that Rice is incapable of and wholly disinterested in taking accountability for his actions,” Coker said.
He said Rice will have millions coming in to make things right.
He added that parties opposing Rice were ready to “hold Rice accountable.”
“Upon discovering that Rice would finally have to face the consequences of his actions, he instead rushed to inform the Court that he had filed for bankruptcy over $3 million in debt, with $10s of millions in expected earnings off his next contract.”
Rice is in the final year of a $6.5 million contract.
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