Jon Rahm exits LIV Golf, forfeits remaining $100 million payout

Jon Rahm has formally departed LIV Golf, signing a separation deal that requires him to surrender the remaining estimated $100 million due under his contract and restores his name, image and likeness rights. The league, which entered Chapter 11 bankruptcy in New Jersey, continues to owe large sums to players such as Bryson DeChambeau, Dustin Johnson and Cam Smith. The Public Investment Fund stopped its financial support, leading to the resignation of its governor, Yasir Al-Rumayyan, from the board.

Rahm, a 2021 U.S. Open and 2023 Masters champion, had previously shocked the golf world by joining the league after publicly dismissing it. The DP World Tour announced that LIV participants will no longer be permitted in its events, ending a previous arrangement that covered fines until 2025. With most operational staff laid off and contractors awaiting payment, the league faces a lawsuit from the Premier Golf League and uncertainty over the future of “LIV 2.0.”