Rashee Rice files for bankruptcy, citing more than $3.45 million in debt
NBC Sports • • sports
Key Points:
- Chiefs receiver Rashee Rice, in the final year of his rookie contract, has filed for federal bankruptcy protection citing over $3.45 million in debts.
- Approximately $2.1 million of Rice's debt stems from multiple plaintiffs related to a street-racing accident he caused earlier in 2024.
- Rice has not yet secured a second contract but is expected to become a free agent in March and has performed well enough to attract offers.
- Given his earning potential, creditors may argue that Rice will eventually have the means to repay his debts without needing to discharge them through bankruptcy.
- The bankruptcy filing may serve as a temporary measure while Rice works toward resolving his financial liabilities.
