Rice's $3.5 million bankruptcy filing

Kansas City Chiefs wide receiver Rashee Rice filed for bankruptcy in Texas on Wednesday, declaring $3.5 million in liabilities. The legal documents, submitted in a Dallas court, reveal that the majority of this debt stems from civil litigation related to a high-speed car crash in 2024 and separate allegations of assault.

The filing shows Rice holds $677,054 in personal assets. This sum includes $421,825 in deferred compensation. Rice is in the final year of a four-year rookie deal worth $6.5 million, with a 2026 base salary of $1.6 million.

One creditor is owed $979,837 as part of a settlement for Rice's role in the Dallas crash. That incident injured multiple people and resulted in a six-game NFL suspension. Rice also faces $700,000 in disputed claims from crash victims and another $200,000 in lawsuits from an ex-girlfriend who alleged repeated assaults between 2023 and 2025. The NFL did not discipline Rice for the assault claims.

Rice pleaded guilty to third-degree felony charges for collision involving serious bodily injury and racing on a highway causing bodily injury. He received a 30-day jail sentence and five years of probation. Earlier this year, he served an additional 30 days in jail after testing positive for marijuana, a violation of that probation.

The 26-year-old former SMU player has 20 receptions for 243 yards and two touchdowns this season. In 2023, he recorded 938 receiving yards and seven touchdowns during the Chiefs' Super Bowl championship year.