Jon Rahm’s LIV Settlement Forfeits All Remaining Payments
Rahm earned more than $106 million in prize and bonus money with LIV.
Jon Rahm is set to exit LIV Golf without receiving any further payments, according to a separation agreement filed in the league's bankruptcy case. Rahm, who was the largest unsecured creditor owed $7.47 million, was also believed to be owed over $100 million in future guarantees. In the agreement, Rahm promises to release LIV of all monetary and economic claims, including prize money, bonuses, annual payments, and commitment fees.
During his three-year tenure, Rahm earned over $106 million in prize and bonus money. The settlement is intended to be a complete economic walk-away. Rahm will forfeit his equity in his LIV team, Legion XIII, but retains ownership of the intellectual property with certain restrictions. He remains eligible to compete on the DP World Tour and will be free to negotiate with the PGA Tour for a potential return.
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