Jon Rahm reaches separation agreement with LIV Golf - ESPN

Former world No. 1 golfer Jon Rahm and LIV Golf reached a separation agreement on Wednesday, in which Rahm agreed to release all of his monetary and economic claims against the embattled circuit in exchange for the return of his exclusive name, image and likeness rights and other related marks, according to court records.

The agreement must be approved by U.S. Bankruptcy Court of New Jersey Judge Michael B. Kaplan on Nov. 5.

Rahm, 31, is LIV Golf's largest unsecured creditor, per court records. He was owed $7.5 million when the league voluntarily filed for Chapter 11 protection on Sept. 8.

However, it is believed that Rahm was owed more than $100 million over the remainder of his contract. The Spanish golfer reportedly received a multiyear deal worth more than $300 million when he left the PGA Tour for LIV Golf in December 2023.

Rahm was LIV Golf's seasonlong individual champion in each of the three years he played in the league from 2024 to 2026. He had nearly $107 million in on-course earnings during his LIV Golf career.

Rahm's attorney, John Beck, informed Kaplan on Oct. 7 that the two-time major champion would not be a part of LIV 2.0.

«Mr. Rahm has independently reviewed the proposed terms of LIV 2.0 and has determined that those terms are unacceptable to him, and he will not be participating going forward in LIV 2.0,» Beck said at the time.

Under the terms of the separation agreement, Rahm agreed to release all claims against the debtors and their affiliates, and each of his contracts with LIV Golf will be terminated, releasing the golfer from any further services or performance obligations.

The separation agreement says that Rahm forfeited all equity or membership interests in his LIV Golf team.

In exchange, all