Jon Rahm is reportedly prepared to forfeit more than $107 million in unpaid money and potential future earnings to end his relationship with LIV Golf. The decision comes as the Saudi-backed golf league faces a financial crisis following the loss of funding from Saudi Arabia’s Public Investment Fund (PIF).
According to Front Office Sports, Rahm has filed a separation agreement that would release him from his obligations to LIV Golf while ending his eligibility for further payments under his contract. The agreement still requires final approval at the league’s bankruptcy hearing scheduled for November 5, 2026.
The reported move could mark a major turning point for Rahm, who joined LIV Golf in 2024 after reportedly signing a contract worth $300 million.
WHY JON RAHM IS LEAVING LIV GOLF
Rahm reportedly has $7.47 million in outstanding payments from LIV Golf, the largest unpaid amount owed to any golfer in the league. He also had more than $100 million remaining on his contract, bringing the total value he could surrender to over $107 million.
His decision follows disagreements over the terms proposed for LIV Golf’s potential relaunch. According to Front Office Sports, Rahm reviewed the proposed terms for a new version of the league, informally referred to as “LIV 2.0,” but rejected them. His lawyer reportedly described the terms as “unacceptable.”
Rahm’s departure would therefore allow him to sever ties with the league rather than continue under an arrangement he does not support.
LIV Golf has faced growing uncertainty after losing PIF funding and entering bankruptcy proceedings. However, the league is exploring a possible revival with financial backing from BC Partners Credit, a New York-based investment firm.
Front Office Sports reported that BC Partners Credit could provide $300 million if LIV Golf successfully navigates its bankruptcy process. The proposed investment could help the league continue operating, although its future remains uncertain.
During his three seasons with LIV Golf, Rahm won the individual championship each year and earned more than $106 million in prize and bonus money. Despite that success, the Spaniard has decided to give up his remaining contractual claims to secure his exit.
The separation agreement also restores Rahm’s name, image and likeness rights, allowing him to explore opportunities with other tours and sponsors. Golf Channel reported that the agreement permits him to join another tour or league without needing LIV Golf’s consent.
However, a return to the PGA Tour is not guaranteed. Rahm’s future will depend on the eligibility rules and opportunities available to him after leaving the breakaway circuit.
LIV Golf, meanwhile, must resolve its financial and organizational challenges before determining whether its proposed new model can move forward. Rahm’s exit is a significant setback for the league as it attempts to rebuild for 2027.