Rahm Exits LIV Golf, Waiving £75m in a Separation Deal

Jon Rahm LIV Golf exit — Jon Rahm has secured his LIV Golf exit through a separation agreement, waiving a reported £75m that the breakaway league owed him. The deal, reported in October 2026, brings an end to a turbulent stint that began when he left the PGA Tour in December 2023 on a contract worth $300m (£222m).

Creditor status and the £75m waiver

Rahm held the position of LIV’s top unsecured creditor when the league filed for Chapter 11 bankruptcy in the United States in September 2026. He was owed $7.4m (£5.5m) for the remainder of the 2026 season, while ESPN reported that his total claim stood at approximately $100m — roughly £75m. Rather than accept the terms proposed by LIV, which he deemed unacceptable, Rahm waived his entire claim. The move amounted to a complete economic walk-away, allowing him to sever ties with the circuit entirely.

LIV’s financial collapse

The bankruptcy filing followed the withdrawal of multibillion-dollar backing from Saudi Arabia’s Public Investment Fund (PIF). In October 2026, LIV secured possible financing of $300m from BC Partners Credit, a deal aimed at what has been described as ‘LIV 2.0’. The league’s future remains uncertain, but Rahm’s departure removes its most high-profile recruit — a player who won three consecutive LIV season titles, most recently in August 2026.

Legion XIII rights and TGL restriction

Under the separation agreement, Rahm retains the rights to the Legion XIII team name. However, he is barred from using that name in TGL, the tech-infused golf league. The restriction leaves open the question of how Rahm might deploy the Legion XIII brand outside that competition, though no plans have been disclosed.

DP World Tour deal keeps Ryder Cup in reach

Rahm’s competitive future is partly clarified by a deal struck with the DP World Tour in May 2026, which allowed him to retain membership. That membership is crucial because Ryder Cup eligibility depends on holding a DP World Tour card. The agreement keeps him eligible for next year’s Ryder Cup, preserving a pathway to the team event despite his LIV exit.

No PGA Tour return — unlike Koepka

Rahm did not follow Brooks Koepka back to the PGA Tour. Koepka returned after the PGA Tour rewrote its rules in December 2025 to permit his comeback, albeit with sanctions. The PGA Tour automatically bans LIV golfers for one year, and Rahm has not sought to overturn that. His path diverges from Koepka’s, and he remains outside the PGA Tour system.

A career defined by bold moves

When Rahm joined LIV in December 2023, he was the most decorated player to defect. He previously stated he had no regrets about the move and backed LIV organisers to make the venture sustainable. His third straight season title in August 2026 underlined his dominance on the circuit, even as the league’s finances unravelled. Now, with his separation complete, Rahm has chosen financial sacrifice over a protracted legal fight — and a clean break from the league he once championed.