Chiefs WR Rashee Rice Files for Chapter 7 Bankruptcy, Puts Super Bowl Ring Up as Collateral

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy on Wednesday, listing more than $3.45 million in debts against $677,054 in personal assets, according to federal court records reported by USA Today and the New York Post. The filing puts his Super Bowl LVIII ring, valued at $160,000, up as collateral for his lawyer’s bill, and names a crash victim he still owes nearly $1 million as his largest creditor. He is 26, in the final year of his rookie contract, and still playing.

What did Rice file?

A Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, filed on Wednesday, November 4. USA Today reports Rice claimed just $677,054 in personal assets against more than $3.45 million in debts, with more than $3.27 million of that total in unsecured debts from civil litigation, business debt and consumer debt. The New York Post, citing The Athletic, reports more than $2.1 million of the debts are tied to lawsuits that have been settled or are still awaiting trial. Chapter 7 is the personal-bankruptcy route, where a trustee can sell non-exempt property to repay creditors, which is distinct from the Chapter 11 process LIV Golf is going through as it winds down. Rice listed 20 creditors in the filing.

Where did the debts come from?

Mostly from the crash, and then from everything that followed it. The largest single claim belongs to Kathryn Kuykendall, a victim of the March 2024 Dallas crash, who is still owed $979,837 from a $1 million settlement agreed in 2025, USA Today reports. Her attorney told WFAA in July 2025 that she had not received payment after the settlement, and Sportskeeda reports Rice has since paid $206,673.81 toward her claim through garnishments from his Chiefs paychecks in 2025 and 2026. Three other crash plaintiffs appear in the filing: Kamlesh Desai at $350,000, a claim Rice marked as disputed, and Edward Petrovskiy and Irina Gromova at $150,000 each, Parade reports. A $200,000 claim from former girlfriend Dacoda Jones is also listed as disputed. Beyond the lawsuits, Rice listed $207,104.40 owed to First National Bank of Middle Tennessee for business debt backed by a personal guarantee, the New York Post reports, and $140,150 owed to First National Bank in Killeen, Texas, for an unsecured loan, Sportskeeda reports.

Why is his Super Bowl ring collateral?

Because his lawyer is one of the creditors, and the ring is the security. Rice owes attorney Thomas McMurray $185,226.45 for his legal services, and the filing lists the Super Bowl LVIII ring, valued at $160,000, as collateral for that bill, the New York Post reports. The rest of the asset list is thin for a player in his fourth NFL season: a 2023 Mercedes-Benz worth $53,800, $13,640 across three checking accounts, $421,825 in deferred compensation and $165,000 in jewelry, Sportskeeda reports. Rice listed $39,241 of his assets as non-exempt, which a trustee can sell to repay creditors, and a creditors’ meeting is scheduled for December 11, according to the filing.

What happened in the 2024 crash?

The crash is the origin of nearly all of it. In March 2024, Rice was driving 119 mph in a Lamborghini Urus on a Dallas highway before causing a six-car crash, according to an arrest warrant, USA Today reports. He pleaded guilty in July 2025 to two third-degree felonies, collision involving serious bodily injury and racing on a highway causing bodily injury, and was sentenced to five years of probation and 30 days in jail. The NFL gave him a six-game suspension at the start of 2025 for violating the league’s personal conduct policy, the New York Post reports. In May 2026 he was found to have violated his probation after testing positive for marijuana, and was ordered to spend 30 days in jail, USA Today reports.

What does this mean for Rice’s season and contract?

He keeps playing while the case runs, but the clock on his deal is short. Rice is in the final year of a four-year, $6.5 million rookie contract signed as a second-round pick out of Southern Methodist in 2023, USA Today reports, and is scheduled to become a free agent in March 2027. He has played in five games this season, recording 20 catches for 243 yards and two touchdowns, the New York Post reports, including the Chiefs’ loss at Denver on Sunday. Neither the Chiefs nor Rice’s bankruptcy attorney had any comment on the filing, Sportskeeda reports, which is a contrast with the Blue Jays issuing a statement distancing the club from Anthony Santander’s deleted posts the same week. Rice is not the only player in a money fight with his own situation this week: the 49ers’ Brandon Aiyuk is in his own dispute over roughly $13 million in bonus forfeiture, though his is with his club rather than a court.

What happens next?

The creditors’ meeting on December 11 is the next date on the record. Until then the case stays pending in the Northern District of Texas, the disputed claims get tested, and the trustee decides what, if anything, from the $39,241 in non-exempt assets gets sold. The filing does not erase the debts by itself: Chapter 7 is a process, not a cancellation, and the largest claim, Kuykendall’s $979,837, has already survived a year of garnishment. The football question runs on a separate clock. Rice is a free agent in March, and a receiver who filed for bankruptcy in November will be negotiating his next contract with this filing on the record, whether the numbers are settled by then or not.