Sports · October 15, 2026
Jon Rahm exits LIV Golf: Two-time major champion gives up claim for remainder of nine-figure contract
Jon Rahm and LIV Golf have reached a separation agreement following the league's Chapter 11 bankruptcy filing. Under the terms, Rahm will forfeit the remainder of his contract — estimated to include millions in fees and prize money — in exchange for the return of his name, image, and likeness (NIL) rights. Rahm, a two-time major champion who joined the circuit in late 2023 for a deal rumored to be worth hundreds of millions, stated through his attorneys that the terms of 'LIV 2.0' were unacceptable. The departure occurs as the Public Investment Fund (PIF) has reportedly halted funding for the league, leading to significant financial restructuring and uncertainty for other contracted players.
Read the original coverage
- CBS SportsSports network
Jon Rahm exits LIV Golf: Two-time major champion gives up claim for remainder of nine-figure contract
Read at CBS Sports ↗ - ESPNSports network
Rahm reaches separation deal with LIV, gives up rest of nine-figure contract
Read at ESPN ↗ - Fox NewsMainstream
Jon Rahm officially walks away from LIV Golf and the estimated $100M still owed to him in deal
Read at Fox News ↗
Reported by multiple outlets
- Jon Rahm and LIV Golf reached a separation agreement in a New Jersey bankruptcy court.
- Rahm is forfeiting all remaining monetary claims against LIV Golf.
- Rahm will regain his name, image, and likeness (NIL) rights.
- LIV Golf filed for Chapter 11 bankruptcy in September 2026.
- Rahm's lawyers described the terms of 'LIV 2.0' as unacceptable.
- Rahm was a top performer in LIV, winning three consecutive individual season titles.
Reported by only some outlets
- Rahm was listed as LIV's largest unsecured creditor, owed $7.5 million at the time of the bankruptcy filing.
- Rahm will retain rights to the 'Rahmbo' and 'Legion XIII' trademarks, though the latter cannot be used in TGL.
- The Saudi Public Investment Fund (PIF) halted funding in April 2026 to focus on domestic projects.
- LIV Golf spent an estimated $5 billion to $8 billion between 2021 and 2026.
- Other players like Brooks Koepka and Patrick Reed previously left LIV to return to the PGA Tour.
Confirmed
- Jon Rahm reached a separation agreement with LIV Golf to exit his contract.
- LIV Golf filed for Chapter 11 bankruptcy in New Jersey.
- Rahm will regain his NIL rights in exchange for forfeiting remaining pay.
- Rahm won two majors (2021 U.S. Open, 2023 Masters) prior to his full LIV tenure.
Reported
- The PIF halted funding to redirect money toward domestic projects and manage regional war pressures. (Fox News)
- Rahm will make his next competitive appearance during the DP World Tour postseason to wrap up the 2026 campaign. (CBS Sports)
- LIV golfers have until Oct. 25 to decide on their participation in 'LIV 2.0'. (Fox News)
Rumor
- Rahm's initial signing deal was worth between $300 million and $600 million. (Media reports cited by both outlets)
- The LIV Golf league may cease operations entirely. (Fox News)
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