Rashee Rice files for bankruptcy, citing more than $3.45 million in debt

Chiefs receiver Rashee Rice is in the final year of his four-year, $6.45 million rookie contract. He nevertheless has far greater liabilities than assets. And he’s looking to wipe the slate clean as to at least some of them. The filing cites more than $3.45 million in debts, with $2.1 million of it tied to multiple plaintiffs in the accident caused by his street-racing incident in early 2024. Rice has yet to get a second contract. He’s due to become a free agent in March, and he has played well enough to get signed, by the Chiefs or someone else.