Kansas City Chiefs receiver Rashee Rice has filed for Chapter 7 bankruptcy, claiming nearly $3.5 million in debts to just over $677,000 in assets.
According to a bankruptcy petition filed Wednesday in the Northern District of Texas, much of the money Rice owes stems from civil litigation tied to his role in a 2024 vehicle crash that left multiple people injured and assault allegations made earlier this year by his ex-girlfriend and mother of his two children.
In July 2025, Rice pleaded guilty to third-degree felony charges of collision involving serious bodily injury and racing on a highway causing bodily injury and was sentenced to 30 days in jail. He was suspended for the first six weeks of the 2025 season for violating the NFL’s personal conduct policy.
Rice owes more than $2 million following civil lawsuits by six people who were injured in the accident, according to the bankruptcy petition, with some of that amount coming from settlements and some still being disputed by Rice.
The largest amount he owes in debt is $979,837 to crash victim Kathryn Kuykendall, the remainder of a $1 million settlement from last year that has not yet been garnished from Rice’s wages.
Rice also owes $200,000 to ex-girlfriend Dacoda Jones tied to a civil lawsuit she filed in February, accusing him of physically assaulting her multiple times during their relationship between December 2023 and July 2025. That debt is also listed as disputed by Rice, who was not suspended by the NFL following Jones’ allegations.
The fourth-year player is in the final season of his rookie contract, which has a total value of $6.5 million and a base salary of $1.6 million this season. According to the bankruptcy filing, he receives a total monthly income of $59,512.44 but only nets $3,610.31 a month after payroll deductions and expenses. His total wages and commission since Jan. 1, 2024, adds up to more than $4.7 million, with no listed income source other than the Chiefs.
His assets are valued at $677,054 and include a 2023 Mercedes Benz ($53,800) and his Super Bowl LVIII ring ($160,000), the latter of which is being held as collateral by one of his attorneys, according to the document. Rice caught six passes for 39 yards in that game, a 25-22 overtime win over the San Francisco 49ers on Feb. 11, 2024. Overall, he has 176 receptions for 2,040 yards and 16 touchdowns.
The Associated Press contributed to this report.
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Published On 11 Oct 202611 Oct 2026
Finance officials from around the world will gather in Bangkok this week under the shadow of a widening war in the Middle East, the biggest-ever energy supply shock and rising interest rates that together pose daunting risks to already-sluggish global economic growth.
The US-Israel war on Iran, now in its eighth month, and its inflationary impact are slated to dominate the agenda and sideline conversations during the annual meetings of the International Monetary Fund (IMF) and World Bank, held outside Washington for the first time in three years.
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IMF Managing Director Kristalina Georgieva told Reuters News Agency that 18,000 people were registered to attend the meetings, 4,000 more than the last off-site meetings held in Morocco in October 2023.
Notably absent will be United States Treasury Secretary Scott Bessent, who dispatched two senior officials in his stead while he handles some “domestic engagements”, a US official said. Federal Reserve Board Chairman Kevin Warsh will attend and is slated to participate in a public event with Georgieva on October 16.
Several other finance ministers were also staying home due to domestic budget and election duties, but most central bankers would attend, Georgieva said.
Bessent’s decision to skip the high-profile gathering and a meeting of the Group of 20 (G20) major economies, which the US leads this year, may frustrate counterparts amid rising tensions over the Iran war, Ukraine’s battle against Russia’s invasion, and the US move to impose sanctions on the International Criminal Court.
The Group of Seven (G7) countries have agreed to release 100 million barrels of diesel and crude oil from emergency reserves under pressure from US President Donald Trump, who is keen to see lower petrol prices before November elections that could see his Republican Party lose control of Congress.
Trump on Friday announced a deal with Russia that would provide even more diesel to global markets and a temporary waiver of US sanctions designed to deprive Moscow of revenues for its war on Ukraine. The move drew swift criticism from Ukrainian President Volodymyr Zelenskyy.
More than one billion barrels of oil have been released, mainly from onshore commercial inventories, since the start of the war on February 28. But industry executives say the amount of oil in storage that is accessible to the global market is running low, making the market more fragile and fuelling pressure on prices.
The IMF has signalled little change in its forecast for three percent global growth in 2026, and may edge its forecast for next year slightly higher. But some countries will see downgrades, including Ukraine, now in its fifth year of war against Russia’s invasion, and Gulf countries hit by Iranian strikes and sharply reduced energy exports.
IMF research released on Tuesday showed that sharp spikes in food and energy prices are an increasingly common source of crises that drive inflation expectations higher for longer, worsen poverty and threaten economic stability.
One headache for policymakers is the growing public debt burden that is sapping growth and adding inflationary pressures. The IMF says public debt is at the highest level since World War II and will exceed 100 percent of gross domestic product (GDP) before 2030.
Advanced economies, led by the US, have the highest debt-to-GDP ratios, but emerging markets and low-income countries are particularly vulnerable, given a perfect storm of challenges: capital outflows in search of higher US rates, weather extremes triggered by the El Nino climate phenomenon, and a lack of investment in artificial intelligence (AI), which has mitigated negative supply shocks in the US and other rich countries.
Developing countries are particularly vulnerable given high public debt levels that will have to be renegotiated at higher interest rates. Together, they face $400bn in debt payments to external creditors in 2026, and interest payments already exceed 10 percent of revenue on average.
Many lower-income countries are worried about new IMF recommendations for loan programmes that call for fewer but deeper reforms as a condition for approving lending, a change that many fear will lead to painful austerity measures.