Jon Rahm Walks Away From $100M to Cut Ties With LIV Golf in Bankruptcy Court Deal
Jon Rahm has filed a formal separation agreement with LIV Golf in a New Jersey bankruptcy court, forfeiting the remainder of his contract — believed to be worth more than $100 million — in exchange for the return of his name, image and likeness rights.
Jon Rahm's divorce from LIV Golf is now official on paper. The two-time major champion and the breakaway league filed a separation agreement Wednesday in U.S. Bankruptcy Court in New Jersey, severing what was left of the deal that lured him away from the PGA Tour in December 2023.
Under the agreement, Rahm surrenders all remaining money owed to him — court filings listed him as LIV's largest unsecured creditor at $7.5 million when the league entered Chapter 11 bankruptcy on September 8, and reporting suggests he walked away from well over $100 million in future earnings on a contract worth a reported $300 million. In return, the Spaniard regains his name, image and likeness rights, along with the "RAHMBO" and "Legion XIII" brands tied to his LIV team.
The filing states Rahm has no further service obligations to LIV and is free to join any tour, league or sponsor without notice or consent. A judge is scheduled to approve the agreement on November 5 — the same week Rahm is set to play his first event after the split, the Abu Dhabi Championship from November 5-8.
The separation follows Rahm's attorney telling the court last week that the proposed terms for LIV 2.0 were "unacceptable." The development clears the biggest contractual hurdle to a possible PGA Tour return, though tour officials have said any return would run through a renewed version of the returning-member program used by Brooks Koepka.