Rashee Rice walked off the field as an NFL champion in February 2024. Two years later, the diamond-studded Super Bowl LVIII ring that came with the title is now listed in a federal court filing as $160,000 of collateral for his legal bills.
The 26-year-old wide receiver filed for Chapter 7 bankruptcy on Thursday in the U.S. Bankruptcy Court for the Northern District of Texas, declaring $3.45 million in liabilities against $677,054 in assets. Most of his wealth sits in deferred compensation, worth $421,825 in the petition; his checking accounts hold just $13,640.
The ring is held by Thomas McMurray, the attorney representing Rice in the pending civil lawsuits tied to the crash. McMurray is one of the creditors on the filing, owed more than $185,000 in legal fees.
The crash bill the Chiefs are already paying
The largest single debt, $979,837, is still owed to Kathryn Kuykendall, one of the people injured when Rice’s Lamborghini and a borrowed Corvette raced down Dallas’s U.S. Highway 75 in March 2024 and set off a six-vehicle pile-up. Rice reached a $1 million settlement with her in April 2025 and has been paying it down through garnishment of his Chiefs paychecks, with roughly $206,000 recovered so far, according to The Dallas Morning News.
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Other crash victims are collectively seeking around $700,000 in lawsuits Rice is disputing. A separate $200,000 claim, also listed as disputed, comes from a woman who alleged Rice assaulted her in incidents between 2023 and 2025; the NFL declined to discipline him over those allegations, Bleacher Report reports.
Rice pleaded guilty to two third-degree felonies for the crash and was sentenced to five years’ probation and 30 days in jail. Earlier this year he served another 30-day term in Dallas County jail after failing a drug test, a probation violation that drew no NFL suspension because the league no longer disciplines players for marijuana.
$1.6 million salary, $3,600 left at the end of the month
Rice is in the final year of the four-year, $6,495,208 rookie contract he signed as a second-round pick in 2023, with a 2026 base salary of $1.6 million. The filing lists his gross monthly employment income at about $32,640 and his monthly living expenses at $29,030, leaving a surplus of roughly $3,610 before the Kuykendall garnishment is taken out.
His 2026 jewelry is valued at $165,000, with the Super Bowl ring the dominant piece. A 2023 Mercedes-Benz is listed at $53,800. Court records show Rice paid his bankruptcy attorney $30,000 the Monday before the filing.
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Back on the field, out of contract
On the field, Rice is producing again. Through five games this season he has 20 catches for 243 yards and two touchdowns for the Chiefs, after serving a six-game NFL suspension at the start of 2025 for the crash. His rookie deal expires at the end of the season, and any new contract, from Kansas City or elsewhere, will now be negotiated against the backdrop of an open federal bankruptcy case.
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