Jon Rahm will not take part in LIV Golf’s proposed 2.0 relaunch, according to his lawyer, John Beck of Dentons U.S., LLP, who made the announcement during a U.S. Bankruptcy Court hearing on Wednesday. Rahm’s departure deals a significant blow to a league already fighting for survival in Chapter 11 proceedings.
Beck told the court that Rahm “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.” Rahm and LIV Golf are now in advanced discussions to finalize a separation agreement, which both sides are targeting to complete by Oct. 15, according to ESPN.
Jon Rahm LIV Golf Update
The announcement came amid LIV Golf’s bankruptcy case, which began after the Chapter 11 filing on Sept. 8. The league and related entities filed for protection after Saudi Arabia’s Public Investment Fund ended its funding at the conclusion of the 2026 season. A bankruptcy court has scheduled a follow-up hearing for Nov. 5 to address Rahm’s separation agreement and related contract rejection matters, according to CBS Sports.
Rahm’s exit is not yet finalized. The parties remain in negotiations, and the Oct. 15 target date gives both sides roughly a week to settle the terms of his exit from the circuit he joined less than three years ago.
What It Means For His Contract
Rahm signed a multiyear contract with LIV Golf in December 2023 reportedly worth more than $300 million, a deal that made him the biggest free-agent signing in the league’s short history. He joined fresh off winning the 2023 Masters, a result LIV viewed as a major recruiting coup at the time.
That contract has now made Rahm LIV Golf’s largest unsecured creditor in the bankruptcy case. Court filings show he is owed $7.5 million for the third quarter of 2026 alone, and it is believed he is owed more than $100 million overall under the remaining terms of his deal, according to the New York Post. How much of that money he ultimately recovers will depend on the separation agreement and the broader bankruptcy proceedings.
LIV Golf’s Roster And Financial Picture
LIV Golf’s bankruptcy filing listed between $100 million and $500 million in assets against $500 million to $1 billion in liabilities, a gap that has forced the league to pursue a scaled-back relaunch. LIV Golf 2.0 is proposed as a 10-tournament schedule with smaller purses than the original circuit.
BC Partners Credit announced a $300 million investment in LIV’s next iteration on Monday, though that funding is contingent on conditions that include securing new player agreements consistent with the LIV 2.0 business plan and locking in specific players BC Partners wants on board, per BBC Sport. Rahm’s refusal to sign removes one of the league’s most recognizable names from that equation just as the investment hinges on roster commitments.
Rahm is not the only player walking away. Sergio Garcia, a LIV captain and 2017 Masters champion, was released from his contract, according to court records. The bankruptcy filing cleared the way for players to leave the tour on their own without any requirement to sign on for LIV 2.0, and the court has set an Oct. 25 deadline for remaining golfers to decide whether to commit to the league.
Rahm’s LIV Tenure And What Comes Next
Rahm won LIV’s Individual Championship in each of his first three seasons with the league and collected more than $106 million in prize and bonus money during his time there. He remains a two-time major champion, having won the 2021 U.S. Open before his 2023 Masters title.
Rahm reached a deal with the DP World Tour in May to retain his membership and preserve his Ryder Cup eligibility, and he is eligible to return to that European circuit after paying fines and agreeing to play at least five events there. The PGA Tour, as of Sept. 15, had no plans to revive its Returning Member Program, which would have offered a pathway back for Rahm, Bryson DeChambeau and Cameron Smith under certain conditions.
Rahm, 31, is also dealing with a personal matter away from golf. He withdrew from the Spanish Open on Wednesday, citing the upcoming birth of his fourth child. Along with DeChambeau, a two-time U.S.
Open champion, Rahm had been viewed as a linchpin in LIV Golf’s effort to keep the circuit alive. His departure leaves that effort in further doubt heading into the Nov. 5 court hearing, where the terms of his exit and LIV’s broader restructuring are expected to be addressed.
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