Jon Rahm reaches agreement to end LIV tenure, walking away from as much as $100 Million

Jon Rahm has finalized his exit from LIV Golf, a decision that will cost him potentially $100 million in owed revenue. The reigning champion and captain of Legion XIII has reached a separation agreement with LIV, allowing him to sever ties and move on. The agreement still needs to be approved by a U.S. Bankruptcy Court judge on November 5th.

LIV Golf, once a promising venture backed by Saudi Arabia, is now in the midst of a bankruptcy process and is attempting to attract both investors and players for a new iteration, dubbed "LIV 2.0." However, Rahm has decided to walk away from the tour, deeming the proposed terms of "LIV 2.0" unacceptable. As part of the separation, Rahm will forfeit his equity stake in the team, but he retains his name, image, and likeness, along with terms like "Rahmbo" and "Legion XIII."

Despite the potential loss of over $7 million in owed money, Rahm's decision is a significant setback for LIV's hopes of a second act. With the absence of both Rahm and DeChambeau, the tour's appeal to golf celebrity investors has significantly diminished. Rahm will need to secure a spot on the PGA Tour, similar to his former LIV colleague Patrick Reed, who has opted for a different pathway.

Rahm's next appearance is the DP World Tour's Abu Dhabi Championship, commencing in the first week of November. For LIV Golf, the coming weeks are critical, as the tour must decide whether to continue operating or cease operations altogether. Regardless of the outcome, Rahm's departure from LIV Golf is now finalized.