Jon Rahm reaches separation agreement with LIV Golf

Key Points:

• Former world No. 1 golfer Jon Rahm and LIV Golf have reached a separation agreement, with Rahm releasing all monetary claims against the league in exchange for the return of his exclusive name, image, and likeness rights, pending court approval on Nov. 5.
• Rahm, LIV Golf's largest unsecured creditor owed $7.5 million at bankruptcy filing, was reportedly owed over $100 million under his multiyear $300 million contract signed in December 2023.
• Under the agreement, Rahm's contracts with LIV Golf are terminated, he forfeits all equity in his LIV Golf team, but retains rights to his personal marks "Rahmbo" and "Legion XIII," though he cannot use the latter in other leagues.
• Rahm has confirmed he will not participate in LIV Golf 2.0 and is scheduled to play in the Abu Dhabi Championship in early November, though his potential return to the PGA Tour remains uncertain amid the tour's reluctance to reinstate the Returning Member Program.
• LIV Golf must decide by the end of October whether it will cease operations or proceed with LIV 2.0, with golfers having until Oct. 25 to commit to the new league, a deadline that may be extended by new investor BC Partners.