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re: NFL player Rashee Rice filing for bankruptcy per ESPN
Posted on 11/5/26 at 5:24 pm to Ryan3232
Posted on 11/5/26 at 5:24 pm to Ryan3232
quote:$6.5m over 4 years isn’t multi million. And the timing between his breakout and the accident was pretty much immediate, so he hasn’t capitalized on endorsements
To file bankruptcy while making actively making a couple million a year is a level of stupid that I simply can't understand.
He’s earned less than $5m to-date. After tax that’s ~$3m. If he’s on the hook for at least $2m from the accident his career earnings are essentially wiped out by that alone
He was a dumbass for the accident but can’t really blame his situation on lack of fiscal responsibility. Other kinds sure
This post was edited on 11/5/26 at 5:28 pm
Posted on 11/5/26 at 5:36 pm to WG_Dawg
quote:
"whooa maybe I need to hold up for a few months"??
In a way isn’t that what he’s basically doing? If he just filed it will be months before anything would potentially get discharged or reduced. He’s probably 4-6 months from getting a nice bonus tbh at would cover majority of the debt, so this is basically putting everything on hold and keeping the creditors from constantly trying to get him to pay (there are usually no contact rules once filed)
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