Earlier this month, word came out that Jon Rahm was preparing to leave LIV Golf. The fledgling alternative to the PGA Tour had lost funding from Saudi Arabia's Public Investment Fund. That left the league's future in jeopardy, with LIV owing several golfers millions of dollars in payment. The league also declared bankruptcy, another financial blow.
Nobody had more to lose than Rahm. He's waiting on $7.47 million in back payments from the league, more than any other golfer. Beyond that, he reportedly still had more than $100 million remaining on his contract. And he's officially decided he's fine with giving all of that up.
Front Office Sports reported that Rahm had filed a separation agreement with LIV Golf. The agreement states he no longer has obligations to the league, and he'll receive no additional money, either.
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Rahm has been by far the best player in LIV Golf since joining the league for the 2024 season. He won the individual league championship each of the past three years, earning more than $106 million in prize and bonus money.
That's a hefty sum, but the initial deal Rahm signed with LIV was reportedly worth $300 million. And he's going to walk away from more than a third of that to officially sever ties with the league. That move is dependent on receiving final approval at the league's next bankruptcy hearing on Nov. 5.
Despite losing funding from the Public Investment Fund, LIV Golf is prepared to try and move forward past its bankruptcy by launching a "LIV 2.0" version of the league. BC Partners Credit, an investment firm based in New York, is on deck to finance the league's second coming. Front Office Sports reported BC Partners Credit is willing to put up $300 million if LIV can navigate through its bankruptcy.
Rahm has reviewed the proposed LIV 2.0 terms and was displeased with them. His lawyer said he found them "unacceptable." The two sides were so far apart that Rahm is willing to walk away from over $107 million in future earnings to part ways.
It's unclear where he goes from here, however. He's done with LIV, but the PGA Tour might not be willing to take back golfers who previously left their ranks. Yet winning has a way of fixing things, and Rahm is still one of the top golfers in the world. Expect that to continue in 2027 and beyond.
Read more: Jon Rahm Is Officially Giving Up Over $107 Million To Leave LIV Golf
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